Raymond James Cuts Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$19.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price cut by Raymond James from C$20.00 to C$19.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

AP.UN has been the topic of several other research reports. Desjardins cut their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Scotiabank cut 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 report on Friday, November 1st. Royal Bank of Canada upped their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Canaccord Genuity Group increased their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, National Bankshares dropped their target price 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$19.97.

Allied Properties Real Estate Investment Trust Stock Down 1.1 %

Shares of TSE AP.UN opened at C$16.53 on Monday. The stock has a 50 day moving average price of C$17.86 and a 200 day moving average price of C$17.80. The firm has a market capitalization of C$2.12 billion, a price-to-earnings ratio of -4.48 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 52-week low of C$15.13 and a 52-week high of C$21.33. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust Company Profile

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.