Raymond James Raises Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$55.00

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Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective upped by Raymond James from C$50.00 to C$55.00 in a research report released on Friday, AnalystRatings.com reports. Raymond James currently has a buy rating on the real estate investment trust’s stock.

AP.UN has been the topic of several other research reports. BMO Capital Markets lifted their price objective on shares of 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 lifted their price objective on shares of Allied Properties Real Estate Investment from C$52.00 to C$53.00 in a research note on Friday. TD Securities lifted their price objective on shares of 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. National Bank Financial reissued an outperform rating and set a C$53.00 price objective on shares of Allied Properties Real Estate Investment in a research note on Friday, June 21st. Finally, CIBC lifted their price objective on shares of Allied Properties Real Estate Investment from C$51.00 to C$52.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Allied Properties Real Estate Investment presently has a consensus rating of Buy and a consensus price target of C$52.71.

Allied Properties Real Estate Investment stock opened at C$50.00 on Friday. The business’s 50 day moving average price is C$48.41. Allied Properties Real Estate Investment has a fifty-two week low of C$41.14 and a fifty-two week high of C$50.59. The company has a market cap of $5.15 billion and a price-to-earnings ratio of 9.00. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 40.61.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be paid a $0.133 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Tuesday, July 30th. Allied Properties Real Estate Investment’s payout ratio is currently 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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Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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