Allied Properties Real Estate Investment (TSE:AP.UN) PT Raised to C$53.00

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Allied Properties Real Estate Investment (TSE:AP.UN) had its price target upped by Royal Bank of Canada from C$52.00 to C$53.00 in a report published on Friday, BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Raymond James restated an outperform rating and set a C$53.00 price target on shares of Allied Properties Real Estate Investment in a research note on Monday, June 24th. BMO Capital Markets upped their price target 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. National Bank Financial restated an outperform rating and set a C$53.00 price target on shares of Allied Properties Real Estate Investment in a research note on Friday, June 21st. Finally, TD Securities upped their price target 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Allied Properties Real Estate Investment has an average rating of Buy and a consensus price target of C$52.71.

TSE:AP.UN opened at C$50.00 on Friday. 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 stock’s fifty day moving average price is C$48.41. Allied Properties Real Estate Investment has a 52 week low of C$41.14 and a 52 week high of C$50.59. The firm has a market capitalization of $5.15 billion and a PE ratio of 9.00.

The company 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 dividend of $0.133 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, July 30th. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is 28.80%.

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.

Further Reading: Earnings Per Share

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

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