Brokerages Set Allied Properties Real Estate Investment (TSE:AP.UN) Price Target at C$19.83

Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$19.83.

Several equities research analysts recently weighed in on AP.UN shares. Royal Bank of Canada reduced their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Laurentian upped their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a report on Monday, January 22nd. National Bankshares dropped their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. CIBC decreased their price target on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a report on Wednesday, March 13th. Finally, TD Securities dropped their price objective on Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research note on Wednesday, April 24th.

Allied Properties Real Estate Investment Trading Down 1.0 %

Allied Properties Real Estate Investment stock opened at C$17.24 on Friday. Allied Properties Real Estate Investment has a one year low of C$15.01 and a one year high of C$23.33. The company’s fifty day moving average price is C$17.28 and its two-hundred day moving average price is C$18.13. The company has a debt-to-equity ratio of 62.23, a current ratio of 0.67 and a quick ratio of 0.12. The company has a market capitalization of C$2.21 billion, a price-to-earnings ratio of -4.51 and a beta of 1.17.

Allied Properties Real Estate Investment Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, April 29th. This represents a $1.80 annualized dividend and a yield of 10.44%. Allied Properties Real Estate Investment’s dividend payout ratio is -47.12%.

About Allied Properties Real Estate Investment

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.