Allied Properties Real Estate Investment (TSE:AP.UN – Get Free Report) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$19.83.
AP.UN has been the subject of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on Allied Properties Real Estate Investment from C$20.25 to C$18.75 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Desjardins dropped their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating on the stock in a research report on Friday, February 2nd. TD Securities reduced their target price on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Scotiabank cut their price objective on shares of Allied Properties Real Estate Investment from C$21.75 to C$21.25 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Finally, Raymond James decreased their target price on Allied Properties Real Estate Investment from C$19.25 to C$19.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd.
Get Our Latest Report on AP.UN
Allied Properties Real Estate Investment Stock Performance
TSE AP.UN opened at C$16.93 on Friday. The firm has a market capitalization of C$2.17 billion, a P/E ratio of -4.43 and a beta of 1.17. The company has a current ratio of 0.67, a quick ratio of 0.12 and a debt-to-equity ratio of 62.23. The firm’s fifty day moving average price is C$17.29 and its two-hundred day moving average price is C$18.08. Allied Properties Real Estate Investment has a 1 year low of C$15.01 and a 1 year high of C$23.33.
Allied Properties Real Estate Investment Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.15 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.63%. Allied Properties Real Estate Investment’s payout ratio is -47.12%.
Allied Properties Real Estate Investment Company Profile
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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