Allied Properties Real Estate Investment (TSE:AP.UN – Free Report) had its price objective trimmed by Raymond James from C$20.00 to C$19.25 in a research note released on Wednesday morning, BayStreet.CA reports.
AP.UN has been the topic of several other reports. Canaccord Genuity Group dropped their target price on Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a buy rating on the stock in a research report on Thursday, February 1st. 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 on the stock in a report on Sunday, February 4th. TD Securities decreased their target price on Allied Properties Real Estate Investment from C$24.00 to C$23.00 and set a buy rating for the company in a research note on Friday, February 2nd. CIBC decreased their target price on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday. Finally, Laurentian raised their target price on Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$20.67.
Check Out Our Latest Research Report on AP.UN
Allied Properties Real Estate Investment Stock Performance
AP.UN stock opened at C$17.14 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.12 and a debt-to-equity ratio of 60.48. The firm has a market cap of C$2.19 billion, a P/E ratio of -4.35 and a beta of 1.16. Allied Properties Real Estate Investment has a 12-month low of C$15.01 and a 12-month high of C$26.20. The stock’s 50 day simple moving average is C$18.71 and its 200 day simple moving average is C$18.58.
Allied Properties Real Estate Investment Increases Dividend
The business also recently declared a monthly dividend, which was paid on Monday, January 15th. Investors of record on Monday, January 15th were given a $0.15 dividend. This is a positive change from Allied Properties Real Estate Investment’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.50%. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is -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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