National Bankshares cut shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN – Free Report) from an outperform rating to a sector perform rating in a research note published on Thursday, BayStreet.CA reports. They currently have C$18.50 price target on the real estate investment trust’s stock.
Several other brokerages have also recently issued reports on AP.UN. TD Securities dropped their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a research report on Wednesday, April 24th. Canaccord Genuity Group cut their target price on Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a buy rating on the stock in a research note on Thursday, May 2nd. Scotiabank decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an outperform rating for the company in a research report on Thursday, May 2nd. Royal Bank of Canada reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an outperform rating for the company in a research note on Friday, May 3rd. Finally, Raymond James lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a market perform rating for the company in a research note on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$19.78.
Read Our Latest Analysis on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Price Performance
Allied Properties Real Estate Investment Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 10.58%. The ex-dividend date was Monday, April 29th. Allied Properties Real Estate Investment Trust’s payout ratio is -47.12%.
Allied Properties Real Estate Investment Trust Company Profile
Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.
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