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%.
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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