Allied Properties Real Estate Investment Price Objective Lowered by Raymond James
Allied Properties Real Estate Investment (TSE:AP.UN) is making headlines as equities research analysts at Raymond James have lowered their price objective for the company. The price target has been reduced from C$19.25 to C$19.00, with a current rating of “market perform” on the real estate investment trust’s stock. Despite the decrease in price target, Raymond James’ analysis suggests a potential upside of 10.92% from the stock’s current price.
Other analysts have also weighed in on AP.UN, with varying opinions on the company’s performance. National Bankshares and Royal Bank of Canada have both lowered their price targets, while Laurentian and Desjardins have adjusted their price objectives as well. TD Securities also decreased their price target recently. Overall, three investment analysts have rated the stock as a hold, while five have assigned a buy rating to the company. MarketBeat.com reports that Allied Properties Real Estate Investment has an average rating of “Moderate Buy” and a consensus price target of C$19.83.
Shares of AP.UN opened at C$17.13 on Thursday, with a market cap of C$2.19 billion. The company has a P/E ratio of -4.35 and a beta of 1.16. Allied Properties Real Estate Investment has a fifty-two week low of C$15.01 and a fifty-two week high of C$23.33. The business specializes in providing distinctive urban workspace in Canada’s major cities and network-dense urban data centers in Toronto, catering to knowledge-based organizations for creativity and connectivity.
Investors and analysts will be keeping a close eye on Allied Properties Real Estate Investment as the company continues to navigate the real estate market and adapt to changing economic conditions. Stay tuned for more updates on this evolving story.
