Allied Properties Real Estate Investment Trust (TSE:AP.UN) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.72 and traded as low as C$16.97. Allied Properties Real Estate Investment Trust shares last traded at C$17.02, with a volume of 743,297 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on AP.UN. Royal Bank of Canada raised their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Raymond James cut their price target on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st. National Bankshares cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Scotiabank dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Desjardins decreased their price objective on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and an average price target of C$20.08.

Allied Properties Real Estate Investment Trust Trading Down 1.8 %

The firm has a fifty day moving average price of C$18.26 and a 200-day moving average price of C$17.72. The company has a market capitalization of C$2.18 billion, a P/E ratio of -4.61 and a beta of 1.26. 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.