Allied Properties Real Estate Investment (TSE:AP.UN – Get Free Report) had its price objective reduced by stock analysts at Royal Bank of Canada from C$20.00 to C$19.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 10.92% from the company’s previous close.
Several other analysts have also issued reports on the stock. Raymond James reduced their price objective on shares of Allied Properties Real Estate Investment from C$19.25 to C$19.00 and set a “market perform” rating on the stock in a report on Thursday. Desjardins reduced their price target on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating on the stock in a research note on Friday, February 2nd. Canaccord Genuity Group lowered their price objective on shares of Allied Properties Real Estate Investment from C$20.25 to C$18.75 and set a “buy” rating for the company in a research report on Thursday. TD Securities cut their target price on Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research report on Wednesday, April 24th. Finally, National Bankshares lowered their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.83.
Check Out Our Latest Research Report on Allied Properties Real Estate Investment
Allied Properties Real Estate Investment Price Performance
TSE:AP.UN opened at C$17.13 on Friday. Allied Properties Real Estate Investment has a 52 week low of C$15.01 and a 52 week high of C$23.33. The stock’s fifty day moving average is C$17.31 and its two-hundred day moving average is C$18.07. The company has a market capitalization of C$2.19 billion, a P/E ratio of -4.35 and a beta of 1.16. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48.
Allied Properties Real Estate Investment Company Profile
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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