Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$19.83.

Several research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating for the company in a report on Thursday, May 2nd. National Bankshares lowered 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 for the company in a report on Wednesday, April 24th. CIBC lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$19.50 to C$19.00 in a report on Wednesday, March 13th. Royal Bank of Canada lowered 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 for the company in a report on Friday, May 3rd. Finally, Canaccord Genuity Group lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating for the company in a report on Thursday, May 2nd.

Allied Properties Real Estate Investment Trust Trading Up 0.1 %

Shares of Allied Properties Real Estate Investment Trust stock opened at C$15.31 on Friday. The company has a fifty day moving average of C$16.65 and a 200 day moving average of C$17.89. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$15.01 and a fifty-two week high of C$22.76. The company has a market capitalization of C$1.96 billion, a P/E ratio of -4.01 and a beta of 1.17. The company has a debt-to-equity ratio of 62.23, a quick ratio of 0.12 and a current ratio of 0.67.

Allied Properties Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were given a dividend of $0.15 per share. The ex-dividend date was Monday, April 29th. This represents a $1.80 dividend on an annualized basis and a yield of 11.76%. Allied Properties Real Estate Investment Trust’s dividend payout ratio is presently -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.