Allied Properties Real Estate Investment (TSE:AP.UN) has received an average rating of “Moderate Buy” from analysts

Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price 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 reduced 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 reduced 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 shares were 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 of C$33.27 and a 200-day moving average of C$39.11.

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In other news, SVP 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 price 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

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Allied is the leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) densely networked urban data centers in Toronto that form Canada’s hub for global connectivity. Allied’s business provides knowledge-based organizations with a distinctive urban environment for creativity and connectivity.

More information

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

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