Brokerages Set Allied Properties Real Estate Investment (TSE:AP.UN) PT at C$20.67

Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$20.67.

Several brokerages have commented on AP.UN. National Bankshares decreased their price objective on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research note on Sunday, February 4th. Laurentian lifted their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a report on Monday, January 22nd. Scotiabank cut their target price on shares of Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating for the company in a report on Tuesday, March 12th. Canaccord Genuity Group cut their target price on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, Royal Bank of Canada cut their target price on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, February 2nd.

Allied Properties Real Estate Investment Stock Performance

Shares of TSE AP.UN opened at C$17.67 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.12 and a debt-to-equity ratio of 60.48. Allied Properties Real Estate Investment has a 12 month low of C$15.01 and a 12 month high of C$24.65. The company has a 50 day simple moving average of C$17.98 and a two-hundred day simple moving average of C$18.32. The stock has a market cap of C$2.26 billion, a price-to-earnings ratio of -4.48 and a beta of 1.16.

About Allied Properties Real Estate Investment

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.