Allied Properties Real Estate Investment (TSE:AP.UN – Get Free Report) had its price objective lowered by equities research analysts at Raymond James from C$19.25 to C$19.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Raymond James’ price objective would suggest a potential upside of 10.92% from the stock’s current price.
Several other analysts have also issued reports on AP.UN. National Bankshares lowered 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 research report on Wednesday, April 24th. Royal Bank of Canada reduced their price target on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, February 2nd. Laurentian boosted their price objective on Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Desjardins cut their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating for the company in a research note on Friday, February 2nd. Finally, TD Securities decreased their price target on Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Allied Properties Real Estate Investment has an average rating of “Moderate Buy” and a consensus price target of C$19.83.
Check Out Our Latest Stock Report on Allied Properties Real Estate Investment
Allied Properties Real Estate Investment Trading Up 1.8 %
Shares of AP.UN opened at C$17.13 on Thursday. The firm has a market cap of C$2.19 billion, a P/E ratio of -4.35 and a beta of 1.16. Allied Properties Real Estate Investment has a fifty-two week low of C$15.01 and a fifty-two 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 business has a 50-day moving average of C$17.31 and a 200 day moving average of C$18.07.
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.
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