Allied Properties Real Estate Investment (TSE:AP.UN – Free Report) had its target price reduced by Royal Bank of Canada from C$20.00 to C$19.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.
AP.UN has been the subject of a number of other reports. Laurentian boosted their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research report on Monday, January 22nd. Raymond James decreased their price objective on shares of Allied Properties Real Estate Investment from C$19.25 to C$19.00 and set a market perform rating for the company in a research report on Thursday. Desjardins dropped their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a hold rating on the stock in a research report on Friday, February 2nd. Scotiabank reduced their price target on Allied Properties Real Estate Investment from C$21.75 to C$21.25 and set an outperform rating for the company in a report on Thursday. Finally, Canaccord Genuity Group dropped their price objective on Allied Properties Real Estate Investment from C$20.25 to C$18.75 and set a buy rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of C$19.83.
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Allied Properties Real Estate Investment Stock Performance
Allied Properties Real Estate Investment Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 10.51%. Allied Properties Real Estate Investment’s dividend payout ratio is presently -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.
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