Allied Properties Real Estate Investment (TSE:AP.UN) Declares $0.13 Monthly Dividend

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Allied Properties Real Estate Investment (TSE:AP.UN) announced a monthly dividend on Wednesday, October 30th, TickerTech reports. Investors of record on Friday, November 15th will be given a dividend of 0.133 per share by the real estate investment trust on Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, October 30th.

AP.UN opened at C$53.12 on Monday. The company has a debt-to-equity ratio of 40.61, a current ratio of 0.62 and a quick ratio of 0.40. Allied Properties Real Estate Investment has a fifty-two week low of C$41.27 and a fifty-two week high of C$54.56. The firm has a market capitalization of $6.22 billion and a PE ratio of 9.56. The company’s 50-day moving average is C$53.29 and its 200 day moving average is C$50.11.

A number of equities research analysts recently weighed in on the stock. Raymond James upped their target price on shares of Allied Properties Real Estate Investment from C$50.00 to C$55.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. TD Securities lowered shares of Allied Properties Real Estate Investment from a “buy” rating to a “hold” rating and upped their target price for the stock from C$55.00 to C$57.00 in a report on Tuesday, October 1st. CIBC upped their target price on shares of Allied Properties Real Estate Investment from C$51.00 to C$52.00 in a report on Friday, August 2nd. Canaccord Genuity upped their target price on shares of Allied Properties Real Estate Investment from C$50.00 to C$52.50 in a report on Wednesday, September 4th. Finally, National Bank Financial upped their target price on shares of Allied Properties Real Estate Investment from C$53.00 to C$58.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Allied Properties Real Estate Investment presently has an average rating of “Buy” and a consensus price target of C$53.44.

In other Allied Properties Real Estate Investment news, Director Gerald R. Connor sold 1,300 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$50.75, for a total value of C$65,969.80. Following the completion of the sale, the director now directly owns 88,546 shares of the company’s stock, valued at approximately C$4,493,355.32.

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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Dividend History for Allied Properties Real Estate Investment (TSE:AP.UN)

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