Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.68 Average Price Target from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$19.68.

Separately, Raymond James cut their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research note on Monday, January 13th.

Allied Properties Real Estate Investment Trust Stock Down 5.5 %

AP.UN stock opened at C$15.44 on Tuesday. The business has a 50 day moving average of C$16.93 and a 200 day moving average of C$17.88. The firm has a market cap of C$1.98 billion, a PE ratio of -4.18 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.13 and a twelve month high of C$20.74. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

About Allied Properties Real Estate Investment Trust

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.