Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.83 Consensus Target Price from Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$19.83.

A number of equities research analysts have weighed in on AP.UN shares. CIBC decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. Royal Bank of Canada decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. TD Securities reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a research note on Wednesday, April 24th. Scotiabank reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Finally, Canaccord Genuity Group reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating on the stock in a research note on Thursday, May 2nd.

Allied Properties Real Estate Investment Trust Trading Up 0.9 %

Shares of Allied Properties Real Estate Investment Trust stock opened at C$15.45 on Friday. The company’s fifty day simple moving average is C$16.57 and its 200-day simple moving average is C$17.81. The company has a market cap of C$1.98 billion, a price-to-earnings ratio of -4.04 and a beta of 1.17. The company has a current ratio of 0.67, a quick ratio of 0.12 and a debt-to-equity ratio of 62.23. Allied Properties Real Estate Investment Trust has a 1 year low of C$15.01 and a 1 year high of C$22.76.

Allied Properties Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 11.65%. The ex-dividend date of this dividend was Monday, April 29th. Allied Properties Real Estate Investment Trust’s payout ratio is -47.12%.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.