Allied Properties Real Estate Investment (AP.UN) Price Target Raised to C$49.00 at Desjardins

Allied Properties Real Estate Investment (TSE:AP.UN) had its price target hoisted by Desjardins from C$47.00 to C$49.00 in a research report released on Thursday.

AP.UN has been the topic of several other research reports. National Bank Financial reiterated an outperform rating and set a C$47.00 price objective on shares of Allied Properties Real Estate Investment in a research report on Wednesday, September 26th. CIBC lifted their price objective on shares of Allied Properties Real Estate Investment from C$44.00 to C$46.00 in a research report on Thursday, September 27th. Royal Bank of Canada lifted their price objective on shares of Allied Properties Real Estate Investment from C$46.00 to C$47.00 and gave the company an outperform rating in a research report on Monday, November 12th. Finally, TD Securities lifted their price objective on shares of Allied Properties Real Estate Investment from C$48.00 to C$49.00 and gave the company a buy rating in a research report on Friday, November 9th. Six analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of C$46.89.

TSE AP.UN opened at C$45.27 on Thursday. Allied Properties Real Estate Investment has a 12 month low of C$35.76 and a 12 month high of C$42.41.

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 3.45%. The ex-dividend date was Tuesday, October 30th.

Allied Properties Real Estate Investment Company Profile

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.

Further Reading: How to Invest in the Dividend Aristocrat Index

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

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