Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Average Recommendation of “Hold” by Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$19.59.

Separately, Raymond James cut their price target on shares of 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 Trading Up 0.2 %

Shares of TSE AP.UN opened at C$16.66 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The stock has a market capitalization of C$2.13 billion, a PE ratio of -4.51 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 stock has a fifty day simple moving average of C$17.11 and a 200-day simple moving average of C$17.97.

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.