Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Lowered to C$15.50 at Desjardins

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective decreased by Desjardins from C$18.00 to C$15.50 in a research note published on Friday morning,BayStreet.CA reports. Desjardins currently has a sell rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on AP.UN. Raymond James Financial dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$18.75 to C$14.75 in a research report on Friday. Royal Bank Of Canada dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 in a research report on Friday. National Bankshares lowered shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and raised their price target for the company from C$16.00 to C$17.00 in a research report on Wednesday, October 8th. TD Securities lowered shares of Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from C$20.00 to C$16.00 in a research report on Friday. Finally, Canaccord Genuity Group dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Allied Properties Real Estate Investment Trust currently has a consensus rating of “Reduce” and a consensus target price of C$16.72.

Allied Properties Real Estate Investment Trust Stock Performance

TSE AP.UN opened at C$14.78 on Friday. Allied Properties Real Estate Investment Trust has a 1 year low of C$13.44 and a 1 year high of C$22.27. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The firm has a market cap of C$2.07 billion, a price-to-earnings ratio of -3.73 and a beta of 1.50. The company has a fifty day moving average price of C$19.48 and a 200-day moving average price of C$17.60.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal.