Weekly Analysts’ Ratings Updates for Allied Properties Real Estate Investment Trust (AP.UN)

Allied Properties Real Estate Investment Trust (TSE: AP.UN) has recently received a number of price target changes and ratings updates:

• 8/1/2024 – Allied Properties Real Estate Investment Trust had its price target lowered by analysts at National Bankshares, Inc. from C$18.50 to C$18.00. They now have a “sector perform” rating on the stock.
• 8/1/2024 – Allied Properties Real Estate Investment Trust had its price target lowered by analysts at Scotiabank from C$21.25 to C$21.00. They now have an “outperform” rating on the stock.
• 8/1/2024 – Allied Properties Real Estate Investment Trust had its price target lowered by analysts at Desjardins from C$19.00 to C$18.50. They now have a “hold” rating on the stock.
• 7/18/2024 – Allied Properties Real Estate Investment Trust was downgraded by analysts at National Bankshares, Inc. from an “outperform” rating to a “sector perform” rating. They now have a C$18.50 price target on the stock.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust stock traded up C$0.29 during midday trading on Tuesday, reaching C$16.74. 330,638 shares of the company traded hands, compared to its average volume of 480,268. The company has a debt-to-equity ratio of 62.23, a current ratio of 0.67 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.01 and a 12 month high of C$21.86. The firm has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -4.38 and a beta of 1.17. The business has a 50 day moving average of C$16.45 and a two-hundred day moving average of C$17.24.

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.