Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.67 and traded as high as C$18.16. Allied Properties Real Estate Investment Trust shares last traded at C$17.84, with a volume of 688,174 shares.

Analyst Ratings Changes

Several research firms have weighed in on AP.UN. Royal Bank of Canada increased their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Desjardins dropped their price target on 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. Scotiabank decreased their price objective on 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. 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 for the company in a report on Friday, November 1st. Finally, Raymond James reduced their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$20.08.

Allied Properties Real Estate Investment Trust Price Performance

The business’s 50-day simple moving average is C$18.80 and its two-hundred day simple moving average is C$17.68. The stock has a market cap of C$2.29 billion, a price-to-earnings ratio of -4.86 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

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.