Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.47 and trades as high as C$29.29. Allied Properties Real Estate Investment shares last traded at C$29.09, with a volume of 837,746 shares.
Analyst Ratings Changes
Several research analysts recently commented on AP.UN shares. Raymond James cut their price target on shares of Allied Properties Real Estate Investment from C$38.50 to C$36.50 and set an “outperform” rating on the stock in a report on Friday, February 3rd. National Bankshares dropped their price objective on shares of Allied Properties Real Estate Investment from C$36.50 to C$33.75 in a research note on Monday, October 24th. CIBC dropped their price objective on shares of Allied Properties Real Estate Investment from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Thursday, February 2nd. Royal Bank of Canada dropped their price objective on shares of Allied Properties Real Estate Investment from C$44.00 to C$37.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, TD Securities lifted their price objective on shares of Allied Properties Real Estate Investment from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.34.
Allied Properties Real Estate Investment Price Performance
The stock has a 50 day moving average of C$27.91 and a two-hundred day moving average of C$28.47. The stock has a market cap of C$3.72 billion, a PE ratio of 23.65 and a beta of 0.99. The company has a debt-to-equity ratio of 61.34, a quick ratio of 0.12 and a current ratio of 2.20.
About Allied Properties Real Estate Investment
(Get Rating)
Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centers 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.
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