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hares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received a consensus rating of "Hold" from seven research firms, according to MarketBeat.com. Five analysts have recommended holding the stock, while two have given it a buy recommendation. The average 1-year price target among these analysts is C$20.08.

    Several recent analyst updates include Desjardins cutting its price objective on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and maintaining a "hold" rating, while Scotiabank reduced its price target from C$22.00 to C$21.75 but still recommends an "outperform" rating.

    Royal Bank of Canada raised its price objective on the stock from C$18.00 to C$19.00 with a "sector perform" rating, and Raymond James cut its target price from C$21.00 to C$20.00 while maintaining a "market perform" rating. Canaccord Genuity Group increased its target price from C$17.50 to C$18.50 and gave the stock a "hold" rating.

    TSE AP.UN traded up 2.7% on Friday, reaching C$17.51 with a trading volume of 565,127 shares compared to its average volume of 504,391. The company has a market capitalization of C$2.24 billion and a price-to-earnings ratio of -4.75.

    Allied Properties Real Estate Investment Trust is a leading owner-operator of distinctive urban workspace in Canada's major cities, with a mission to provide sustainable and conducive workspaces for knowledge-based organizations. Its vision is to make a continuous contribution to cities and culture that elevates and inspires humanity.