Allied Properties Real Estate Investment (TSE:AP.UN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$20.67.
Several equities analysts have issued reports on AP.UN shares. Scotiabank dropped their price target on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating on the stock in a research note on Tuesday, March 12th. National Bankshares dropped their price target on Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Sunday, February 4th. Laurentian boosted their price target on Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Royal Bank of Canada lowered their target price on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. Finally, CIBC lowered their target price on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research report on Wednesday, March 13th.
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Allied Properties Real Estate Investment Stock Performance
Allied Properties Real Estate Investment Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a $0.15 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.80 dividend on an annualized basis and a yield of 10.59%. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is presently -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.
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