Allied Properties Real Estate Investment (TSE: AP.UN – Get Rating) Senior employee Hugh Fletcher Clark acquired 7,000 shares of the company’s stock in a deal on Thursday (June 16th). The shares were purchased at an average price of C $ 33.64 per share, for a total value of C $ 235,480.00. Following the acquisition, the insider now directly owns 27,415 shares of the company worth C $ 922,240.60.
Shares of TSE: AP.UN traded up C $ 0.76 during trading on Friday, reaching C $ 33.78. The volume of trading in the company’s shares is 410,724 shares, with an average volume of 225,311. The company has a current ratio of 0.89, a fast ratio of 0.13 and a debt-to-equity ratio of 55.19. Allied Properties Real Estate Investment has a 12-month low of $ 32.90 and a 12-month high of $ 48.89. The company’s 50-day simple moving average is C $ 39.78, and its two-day simple moving average is C $ 42.85. The shares have a market capitalization of C $ 4.32 billion and a PE ratio of 7.80.
AP.UN has been the subject of several research reports. Canaccord Genuity Group downgraded Allied Properties Real Estate Investment to a “hold” rating and set a price target for the company of C $ 48.00. in a report from Wednesday, April 6. Raymond James set a target of C $ 53.00 for shares of Allied Properties Real Estate Investment and gave the company a rating of “superior” in a report on Thursday, April 28. CIBC lowered its Allied Properties Real Estate Investment price target from C $ 54.00 to C $ 50.00 and set a rating “superior” for the company in a report on Tuesday (May 17th). Finally, TD Securities lowered its target price for shares of Allied Properties Real Estate Investment from C $ 53.00 to C $ 52.00 and set a “buy” rating for the company in a report on Friday, April 29. One analyst rated the shares with a retention rating, and nine gave the company a rating to buy. According to MarketBeat.com, Allied Properties Real Estate Investment currently has a consensus Buy rating and an average target price of C $ 50.90.
Allied Properties real estate investment company profile (Get an estimate)
Allied is a leading owner, manager and developer of (i) distinctive urban workspace in major Canadian cities and (ii) dense urban data centers in Toronto, which form the Canadian Center for Global Connectivity. Allied’s business provides knowledge-based organizations with a distinctive urban environment for creativity and connectivity.
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