Allied Properties Real Estate Investment (TSE:AP.UN – Free Report) BayStreet.CA reports that in a research note published on Tuesday, Scotiabank lowered its price target for the company from C$22.25 to C$21.75. The company currently has an outperform rating for real estate investment trust stocks.
A number of other research firms have also commented on AP.UN. Desjardins lowered their target price on shares of Allied Properties Real Estate Investments from CA$20.00 to CA$19.50 and gave the company a Hold rating in a research report on Friday, February 2nd. TD Securities lowered their target price on shares of Allied Properties Real Estate Investments from CA$24.00 to CA$23.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Laurentian increased their target price on shares of Allied Properties Real Estate Investments from CA$20.00 to CA$23.00 in a research note on Monday, January 22nd. National Bancshare lowered their target price on Allied Properties Real Estate Investments from CA$22.00 to CA$20.00 and set an outperform rating for the company in a research note on Sunday, February 4th. Finally, Royal Bank of Canada lowered their target price on Allied Properties Real Estate Investments from CA$21.00 to CA$20.00 and set an outperform rating for the company in a research note on Friday, February 2nd. . Three investment analysts have rated the stock as a “hold” and five have rated it a “buy.” The company has a consensus rating of “Moderate Buy” and an average price target of CA$20.81, according to MarketBeat data.
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Allied Properties real estate investment shares fell 0.9%.
Allied Properties Real Estate Investments shares opened at C$17.28 on Tuesday. Allied Properties Real Estate Investments has a 1-year low of CA$15.01 and a 1-year high of CA$26.39. The company has a market capitalization of CA$2.21 billion, a price-to-earnings ratio of -4.39 and a beta of 1.16. The company's current ratio is 0.73 times, quick ratio is 0.12 times, and debt-to-equity ratio is 60.48 times. The company's 50 day simple moving average is CA$18.77 and its 200 day simple moving average is CA$18.59.
Allied Properties' real estate investment increases dividends
The company also recently announced a monthly dividend, which was paid on Monday, January 15th. Investors of record on Monday, January 15th he was issued a $0.15 dividend. The ex-dividend date was Thursday, December 28th. This is a positive change from Allied Properties Real Estate Investment's previous monthly dividend of $0.14. This equates to his $1.80 dividend and 10.42% dividend yield on an annualized basis. Allied Properties Real Estate Investment's dividend payout ratio (DPR) is -45.69%.
About Allied Properties real estate investment
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Allied is a leading owner and manager of (i) distinctive urban workspaces in Canada's major cities and (ii) network-dense urban data centers that form Canada's hub of global connectivity. I am a developer. Allied's business is to provide knowledge-based organizations with a unique urban environment for creativity and connectivity.
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