Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Cut to C$19.00 by Analysts at Raymond James

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target lowered by equities research analysts at Raymond James from C$20.00 to C$19.00 in a report released on Monday,BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 15.08% from the company’s current price.

AP.UN has been the subject of several other reports. Scotiabank cut their target price on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a research note on Friday, November 1st. National Bankshares cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Canaccord Genuity Group raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Finally, Desjardins cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Allied Properties Real Estate Investment Trust has a consensus rating of “Hold” and an average price target of C$19.97.

Allied Properties Real Estate Investment Trust Stock Performance

TSE:AP.UN traded down C$0.21 during mid-day trading on Monday, hitting C$16.51. The stock had a trading volume of 485,835 shares, compared to its average volume of 387,100. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.13 and a twelve month high of C$21.33. The stock has a market cap of C$2.11 billion, a price-to-earnings ratio of -4.47 and a beta of 1.26. The company’s 50 day simple moving average is C$17.86 and its 200 day simple moving average is C$17.80. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust Company Profile

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.