Allied Properties Real Estate Investment (AP.UN) Given Average Rating of “Buy” by Analysts

Allied Properties Real Estate Investment (TSE:AP.UN) has received a consensus rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is C$45.78.

AP.UN has been the subject of several recent analyst reports. National Bank Financial restated an “outperform” rating and set a C$45.75 price objective on shares of Allied Properties Real Estate Investment in a research report on Tuesday, June 26th. BMO Capital Markets restated an “outperform” rating and set a C$46.00 price objective on shares of Allied Properties Real Estate Investment in a research report on Tuesday, July 31st. Royal Bank of Canada raised their price objective on shares of Allied Properties Real Estate Investment from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, August 3rd. Canaccord Genuity raised their price objective on shares of Allied Properties Real Estate Investment from C$42.00 to C$43.25 in a research report on Friday, August 3rd. Finally, Raymond James raised their price objective on shares of Allied Properties Real Estate Investment from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th.

Shares of TSE:AP.UN traded down C$0.43 during midday trading on Friday, hitting C$45.06. The company’s stock had a trading volume of 150,498 shares, compared to its average volume of 139,864. Allied Properties Real Estate Investment has a 12-month low of C$35.76 and a 12-month high of C$42.41.

About Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

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

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