Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Consensus Recommendation of “Hold” from Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$19.68.

Separately, Raymond James cut their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research report on Monday, January 13th.

Allied Properties Real Estate Investment Trust Trading Down 0.9 %

Shares of AP.UN stock opened at C$16.63 on Friday. Allied Properties Real Estate Investment Trust has a 1-year low of C$15.13 and a 1-year high of C$20.74. The firm has a market cap of C$2.13 billion, a PE ratio of -4.51 and a beta of 1.26. The company has a 50-day moving average of C$17.09 and a two-hundred day moving average of C$17.96. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

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.