Allied Properties Real Estate Investment (TSE:AP.UN) Price Target Cut to C$20.00 by Analysts at TD Securities

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective cut by TD Securities from C$21.00 to C$20.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. National Bankshares lowered their target price on Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an outperform rating on the stock in a report on Sunday, February 4th. Royal Bank of Canada decreased their price objective on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an outperform rating on the stock in a report on Friday, February 2nd. Laurentian upped their price objective on Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a report on Monday, January 22nd. Raymond James decreased their price objective on Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a report on Wednesday, March 13th. Finally, CIBC decreased their price objective on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$20.22.

Allied Properties Real Estate Investment Trading Down 1.0 %

Shares of Allied Properties Real Estate Investment stock opened at C$17.18 on Wednesday. The stock has a market cap of C$2.20 billion, a P/E ratio of -4.36 and a beta of 1.16. The stock’s 50 day simple moving average is C$17.43 and its 200-day simple moving average is C$18.11. Allied Properties Real Estate Investment has a 1-year low of C$15.01 and a 1-year high of C$24.42. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12.

Allied Properties Real Estate Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be given a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date is Monday, April 29th. Allied Properties Real Estate Investment’s payout ratio is -45.69%.

About Allied Properties Real Estate Investment

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.