Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Cut to C$19.50 by Analysts at National Bankshares

by · The Cerbat Gem

Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) had its price target cut by equities researchers at National Bankshares from C$20.00 to C$19.50 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price target would suggest a potential upside of 7.79% from the company’s current price.

Several other research analysts also recently commented on AP.UN. Desjardins cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating for the company in a report on Thursday, August 1st. Raymond James lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Scotiabank increased their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased their target price on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$20.08.

View Our Latest Analysis on AP.UN

Allied Properties Real Estate Investment Trust Stock Performance

AP.UN traded down C$0.28 on Friday, hitting C$18.09. The company’s stock had a trading volume of 463,992 shares, compared to its average volume of 501,273. The company’s 50 day simple moving average is C$18.81 and its 200-day simple moving average is C$17.48. The firm has a market cap of C$2.31 billion, a P/E ratio of -4.93 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.13 and a 12 month high of C$21.35. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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