Gerald R. Connor Sells 1,300 Shares of Allied Properties Real Estate Investment (TSE:AP.UN) Stock

Allied Properties Real Estate Investment (TSE:AP.UN) Director Gerald R. Connor sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$50.75, for a total value of C$65,969.80. Following the completion of the transaction, the director now owns 88,546 shares in the company, valued at approximately C$4,493,355.32.

Shares of TSE:AP.UN traded up C$0.35 during mid-day trading on Tuesday, reaching C$51.05. The company had a trading volume of 326,221 shares, compared to its average volume of 139,864. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 40.61. The stock has a market capitalization of $5.15 billion and a price-to-earnings ratio of 9.19. The company has a 50-day simple moving average of C$48.72. Allied Properties Real Estate Investment has a one year low of C$41.14 and a one year high of C$50.59.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be issued a $0.133 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.13%. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is presently 28.80%.



AP.UN has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Allied Properties Real Estate Investment from C$50.00 to C$51.00 and gave the stock an “average” rating in a research note on Thursday, June 20th. Royal Bank of Canada boosted their target price on Allied Properties Real Estate Investment from C$52.00 to C$53.00 in a research note on Friday, August 2nd. Raymond James boosted their target price on Allied Properties Real Estate Investment from C$50.00 to C$55.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. TD Securities boosted their target price on Allied Properties Real Estate Investment from C$54.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, CIBC boosted their target price on Allied Properties Real Estate Investment from C$51.00 to C$52.00 in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$52.71.

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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