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Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$47.78.
A number of research analysts recently weighed in on the stock. CIBC lowered their target price on shares of Allied Properties Real Estate Investment from C$47.50 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Raymond James reduced their price objective on Allied Properties Real Estate Investment from C$52.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. BMO Capital Markets cut their target price on Allied Properties Real Estate Investment from C$43.00 to C$42.00 in a research note on Friday, July 29th. Finally, Scotiabank dropped their price objective on Allied Properties Real Estate Investment from C$47.25 to C$46.00 in a research note on Friday, July 29th.
Allied Properties Real Estate Investment Stock Down 0.9 %
AP.UN opened at C$31.38 on Thursday. Allied Properties Real Estate Investment has a twelve month low of C$31.35 and a twelve month high of C$48.89. The stock has a market capitalization of C$4.02 billion and a price-to-earnings ratio of 7.40. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 56.99. The firm has a 50 day moving average price of C$33.27 and a 200-day moving average price of C$39.11.
Insider Activity
In other news, Senior Officer Hugh Fletcher Clark acquired 7,000 shares of Allied Properties Real Estate Investment stock in a transaction dated Thursday, June 16th. The shares were acquired at an average cost of C$33.64 per share, for a total transaction of C$235,480.00. Following the acquisition, the insider now owns 27,415 shares of the company’s stock, valued at C$922,240.60.
About Allied Properties Real Estate Investment
(Get Rating)
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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