National Bank Financial Raises Allied Properties Real Estate Investment (AP.UN) Price Target to C$48.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its target price upped by National Bank Financial from C$47.00 to C$48.00 in a research report released on Friday morning. National Bank Financial currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on AP.UN. 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 company an outperform rating in a research note on Tuesday, August 7th. TD Securities raised their price objective on shares of Allied Properties Real Estate Investment from C$47.00 to C$48.00 and gave the company a buy rating in a research note on Wednesday, September 26th. 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 company an outperform rating in a research note 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 note on Friday, August 3rd. Finally, CIBC raised their price objective on shares of Allied Properties Real Estate Investment from C$44.00 to C$46.00 in a research note on Thursday, September 27th. Six equities research analysts have rated the stock with a buy rating, Allied Properties Real Estate Investment presently has a consensus rating of Buy and a consensus target price of C$46.50.

Shares of Allied Properties Real Estate Investment stock traded up C$0.36 during trading hours on Friday, reaching C$43.85. The company’s stock had a trading volume of 156,835 shares, compared to its average volume of 139,864. Allied Properties Real Estate Investment has a one year low of C$35.76 and a one year high of C$42.41.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be given a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Tuesday, October 30th.

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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