Allied Properties Real Estate Investment (TSE:AP.UN) Receives C$20.67 Average Price Target from Analysts

Allied Properties Real Estate Investment (TSE:AP.UN) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$20.67.

Several research analysts have recently commented on AP.UN shares. National Bankshares lowered their price target on Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating for the company in a research report on Sunday, February 4th. Royal Bank of Canada lowered their price target on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, February 2nd. Raymond James lowered their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a research report on Wednesday, March 13th. Desjardins lowered their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating for the company in a research report on Friday, February 2nd. Finally, Scotiabank lowered their price target on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating for the company in a research report on Tuesday, March 12th.

Allied Properties Real Estate Investment Price Performance

AP.UN stock opened at C$17.00 on Tuesday. The business has a fifty day moving average of C$17.44 and a two-hundred day moving average of C$18.10. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48. The stock has a market cap of C$2.18 billion, a price-to-earnings ratio of -4.31 and a beta of 1.16. Allied Properties Real Estate Investment has a 52-week low of C$15.01 and a 52-week high of C$24.45.

Allied Properties Real Estate Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.59%. The ex-dividend date of this dividend is Monday, April 29th. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is currently -45.69%.

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.