Allied Properties Real Estate Investment (AP.UN) To Go Ex-Dividend on April 29th

Allied Properties Real Estate Investment (TSE:AP.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.15 per share by the real estate investment trust on Wednesday, May 15th. This represents a $1.80 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend is Monday, April 29th.

Allied Properties Real Estate Investment Stock Up 0.2 %

Allied Properties Real Estate Investment stock traded up C$0.03 during midday trading on Friday, reaching C$17.10. The stock had a trading volume of 197,728 shares, compared to its average volume of 466,936. The firm’s fifty day simple moving average is C$17.39 and its 200-day simple moving average is C$18.09. Allied Properties Real Estate Investment has a 1-year low of C$15.01 and a 1-year high of C$23.40. The stock has a market capitalization of C$2.19 billion, a P/E ratio of -4.34 and a beta of 1.16. The company has a debt-to-equity ratio of 60.48, a quick ratio of 0.12 and a current ratio of 0.73.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AP.UN. Royal Bank of Canada decreased their price target on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, February 2nd. Scotiabank decreased their price target on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating for the company in a research note on Tuesday, March 12th. Raymond James decreased their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a research note on Wednesday, March 13th. CIBC reduced their target price on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. Finally, Desjardins reduced their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating for the company in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Allied Properties Real Estate Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.22.

Allied Properties Real Estate Investment Company Profile

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres 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.