TD Securities Boosts Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$56.00

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Allied Properties Real Estate Investment (TSE:AP.UN) had its price target increased by TD Securities from C$54.00 to C$56.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. Royal Bank of Canada increased their price target on Allied Properties Real Estate Investment from C$51.00 to C$52.00 and gave the company an outperform rating in a research note on Monday, May 6th. National Bank Financial reissued 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. Raymond James reissued 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. Finally, BMO Capital Markets increased their price target on Allied Properties Real Estate Investment from C$50.00 to C$51.00 and gave the company an average rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Allied Properties Real Estate Investment has a consensus rating of Buy and a consensus target price of C$52.71.

Shares of Allied Properties Real Estate Investment stock opened at C$50.00 on Friday. The company’s 50 day moving average price is C$48.41. Allied Properties Real Estate Investment has a 12 month low of C$41.14 and a 12 month high of C$50.59. The company has a market capitalization of $5.15 billion and a price-to-earnings ratio of 9.00. The company has a debt-to-equity ratio of 40.61, a quick ratio of 0.40 and a current ratio of 0.62.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be paid a $0.133 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, July 30th. Allied Properties Real Estate Investment’s payout ratio is 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.

Further Reading: Bear Market

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

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