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 report issued on Monday morning,BayStreet.CA reports.

Several other research firms also recently weighed in on AP.UN. Scotiabank lowered their price objective 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. Canaccord Genuity Group lifted their target price on 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. Royal Bank of Canada increased their price target 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. 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 report on Friday, November 1st. Finally, Desjardins lowered their target price on shares of 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$19.97.

Allied Properties Real Estate Investment Trust Stock Up 1.1 %

Allied Properties Real Estate Investment Trust stock opened at C$16.87 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$2.16 billion, a PE ratio of -4.57 and a beta of 1.26. The firm’s fifty day moving average is C$17.76 and its 200 day moving average is C$17.81. Allied Properties Real Estate Investment Trust has a 12-month low of C$15.13 and a 12-month high of C$21.33.

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.