Allied Properties Real Estate Investment (TSE:AP.UN) Price Target Increased to C$45.00 by Analysts at Scotiabank

Allied Properties Real Estate Investment (TSE:AP.UN) had its price target hoisted by Scotiabank from C$43.00 to C$45.00 in a research report released on Friday, February 16th. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. National Bank Financial boosted their price objective on shares of Allied Properties Real Estate Investment from C$42.50 to C$44.25 and gave the stock an outperform rating in a research report on Tuesday, October 31st. BMO Capital Markets reiterated a market perform rating and set a C$43.00 target price on shares of Allied Properties Real Estate Investment in a research report on Monday, November 6th. TD Securities upped their target price on shares of Allied Properties Real Estate Investment from C$43.00 to C$46.00 and gave the company a buy rating in a research report on Monday, November 6th. CIBC upped their price objective on shares of Allied Properties Real Estate Investment from C$42.00 to C$44.00 in a research report on Friday, November 3rd. Finally, Desjardins upped their price objective on shares of Allied Properties Real Estate Investment from C$43.00 to C$46.00 in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of C$43.47.

Allied Properties Real Estate Investment (TSE AP.UN) traded down C$0.06 during midday trading on Friday, reaching C$41.30. The company’s stock had a trading volume of 57,153 shares, compared to its average volume of 146,561. The firm has a market capitalization of $3,840.00, a P/E ratio of 10.10 and a beta of 0.33. Allied Properties Real Estate Investment has a 12 month low of C$35.72 and a 12 month high of C$42.41.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.56 annualized dividend and a dividend yield of 3.78%.

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About Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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