Allied Properties Real Estate Investment Trust (TSE:AP.UN) Lowered to “Hold” Rating by TD Securities

TD Securities downgraded shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) from a buy rating to a hold rating in a research note released on Friday morning,BayStreet.CA reports. They currently have C$16.00 price objective on the real estate investment trust’s stock, down from their previous price objective of C$20.00.

AP.UN has been the subject of a number of other research reports. National Bankshares lowered shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and lifted their price target for the stock from C$16.00 to C$17.00 in a research note on Wednesday, October 8th. Raymond James Financial lowered shares of Allied Properties Real Estate Investment Trust from a “market perform” rating to an “underperform” rating and boosted their target price for the company from C$18.00 to C$18.75 in a research note on Wednesday, October 8th. Desjardins lowered shares of Allied Properties Real Estate Investment Trust from a “hold” rating to a “sell” rating and set a C$18.00 target price for the company. in a research note on Monday, September 15th. Finally, Royal Bank Of Canada boosted their target price on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of C$16.72.

Allied Properties Real Estate Investment Trust Stock Down 3.1%

Shares of TSE:AP.UN opened at C$14.78 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The company has a fifty day simple moving average of C$19.48 and a 200 day simple moving average of C$17.60. The firm has a market cap of C$2.07 billion, a PE ratio of -3.73 and a beta of 1.50. Allied Properties Real Estate Investment Trust has a 12-month low of C$13.44 and a 12-month high of C$22.27.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal.