Desjardins Cuts Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$19.50

Allied Properties Real Estate Investment (TSE:AP.UNFree Report) had its price target trimmed by Desjardins from C$20.00 to C$19.50 in a research report sent to investors on Friday, BayStreet.CA reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

AP.UN has been the topic of a number of other reports. CIBC cut their price target on shares of Allied Properties Real Estate Investment from C$21.00 to C$19.50 and set a neutral rating on the stock in a research note on Friday, October 27th. Scotiabank cut their target price on shares of Allied Properties Real Estate Investment from C$25.00 to C$24.25 and set an outperform rating on the stock in a research note on Tuesday, January 30th. Canaccord Genuity Group cut their target price on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a buy rating on the stock in a research note on Thursday, February 1st. Royal Bank of Canada cut their target price on shares of Allied Properties Real Estate Investment from C$27.00 to C$21.00 and set an outperform rating on the stock in a research note on Friday, October 27th. Finally, Laurentian upped their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Allied Properties Real Estate Investment presently has an average rating of Moderate Buy and an average price target of C$20.86.

View Our Latest Analysis on AP.UN

Allied Properties Real Estate Investment Trading Down 1.8 %

TSE AP.UN opened at C$17.81 on Friday. The firm’s 50-day moving average is C$19.74 and its two-hundred day moving average is C$19.30. Allied Properties Real Estate Investment has a 12 month low of C$15.01 and a 12 month high of C$29.43. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12. The stock has a market capitalization of C$2.28 billion, a P/E ratio of -4.52 and a beta of 1.16.

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 issued a dividend of $0.15 per share. The ex-dividend date was Thursday, December 28th. This is an increase from Allied Properties Real Estate Investment’s previous monthly dividend of $0.14. This represents a $1.80 annualized dividend and a dividend yield of 10.11%. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is currently -45.69%.

Allied Properties Real Estate Investment Company Profile

(Get Free Report)

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.

Recommended Stories

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

Receive News & Ratings for Allied Properties Real Estate Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Properties Real Estate Investment and related companies with MarketBeat.com's FREE daily email newsletter.