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

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective reduced by Raymond James from C$19.25 to C$19.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Raymond James’ price objective points to a potential upside of 12.49% from the company’s previous close.

Several other brokerages also recently commented on AP.UN. Laurentian increased their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research report on Monday, January 22nd. National Bankshares cut their price target on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. TD Securities decreased their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Scotiabank lowered their price objective on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating on the stock in a research report on Tuesday, March 12th. Finally, Royal Bank of Canada reduced their target price on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.94.

Allied Properties Real Estate Investment Stock Down 0.1 %

Shares of Allied Properties Real Estate Investment stock traded down C$0.02 during trading on Thursday, hitting C$16.89. The company’s stock had a trading volume of 370,319 shares, compared to its average volume of 466,083. Allied Properties Real Estate Investment has a 52 week low of C$15.01 and a 52 week high of C$23.33. The company has a debt-to-equity ratio of 60.48, a quick ratio of 0.12 and a current ratio of 0.73. The company has a fifty day simple moving average of C$17.34 and a two-hundred day simple moving average of C$18.08. The company has a market capitalization of C$2.16 billion, a PE ratio of -4.28 and a beta of 1.16.

About Allied Properties Real Estate Investment

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.