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Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) was downgraded by research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. They presently have a C$18.50 price target on the real estate investment trust’s stock. National Bankshares’ target price points to a potential upside of 8.70% from the stock’s current price.
Several other equities analysts have also issued reports on AP.UN. TD Securities decreased their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a research note on Wednesday, April 24th. Canaccord Genuity Group reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Raymond James decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Scotiabank decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Allied Properties Real Estate Investment Trust has a consensus rating of “Moderate Buy” and an average price target of C$19.78.
Read Our Latest Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Price Performance
AP.UN opened at C$17.02 on Thursday. The stock’s 50-day moving average price is C$16.43 and its 200 day moving average price is C$17.52. Allied Properties Real Estate Investment Trust has a 12-month low of C$15.01 and a 12-month high of C$22.76. The company has a current ratio of 0.67, a quick ratio of 0.12 and a debt-to-equity ratio of 62.23. The firm has a market cap of C$2.18 billion, a price-to-earnings ratio of -4.46 and a beta of 1.17.
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.
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