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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$19.47.

AP.UN has been the topic of several research analyst reports. Scotiabank lowered their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Desjardins lowered their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating on the stock in a report on Thursday, August 1st. Raymond James reduced their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Finally, National Bankshares dropped their target price on Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN opened at C$19.32 on Friday. The company has a 50-day moving average of C$17.29 and a two-hundred day moving average of C$17.01. The stock has a market cap of C$2.47 billion, a price-to-earnings ratio of -5.24 and a beta of 1.23. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a one year low of C$15.01 and a one year high of C$21.35.

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.