Allied Properties Real Estate Investment (AP.UN) Receives C$49.44 Consensus Price Target from Analysts

Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have been given a consensus recommendation of “Buy” by the nine analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$49.44.

AP.UN has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a C$50.00 target price on shares of Allied Properties Real Estate Investment in a report on Monday, February 11th. Desjardins raised their target price on shares of Allied Properties Real Estate Investment from C$47.00 to C$49.00 in a report on Thursday, December 6th. CIBC raised their target price on shares of Allied Properties Real Estate Investment from C$46.00 to C$51.00 in a report on Friday, February 15th. TD Securities raised their target price on shares of Allied Properties Real Estate Investment from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Royal Bank of Canada raised their target price on shares of Allied Properties Real Estate Investment from C$47.00 to C$51.00 and gave the stock an “outperform” rating in a report on Friday, February 15th.

Allied Properties Real Estate Investment stock opened at C$48.38 on Friday. The stock has a market capitalization of $5.02 billion and a price-to-earnings ratio of 9.89. The company has a current ratio of 0.38, a quick ratio of 0.14 and a debt-to-equity ratio of 44.57. Allied Properties Real Estate Investment has a twelve month low of C$35.76 and a twelve month high of C$42.41.



The firm also recently announced a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.133 per share. The ex-dividend date is Wednesday, February 27th. This represents a $1.60 annualized dividend and a dividend yield of 3.30%. Allied Properties Real Estate Investment’s dividend payout ratio is presently 32.70%.

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.

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

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