Allied Properties Real Estate Investment (TSE:AP.UN – Free Report) had its price objective lowered by Raymond James from C$19.25 to C$19.00 in a research note released on Thursday morning, BayStreet.CA reports. The firm currently has a market perform rating on the real estate investment trust’s stock.
A number of other equities research analysts also recently issued reports on AP.UN. Laurentian boosted their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a report on Monday, January 22nd. Royal Bank of Canada lowered their target price on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an outperform rating for the company in a report on Friday, February 2nd. Canaccord Genuity Group reduced their price target on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a buy rating on the stock in a research report on Thursday, February 1st. National Bankshares reduced their price target on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an outperform rating on the stock in a research report on Wednesday, April 24th. Finally, CIBC reduced their price target on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of C$19.83.
Read Our Latest Stock Report on Allied Properties Real Estate Investment
Allied Properties Real Estate Investment Trading Up 1.8 %
Allied Properties Real Estate Investment Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.80 annualized dividend and a yield of 10.51%. Allied Properties Real Estate Investment’s dividend payout ratio is presently -45.69%.
Allied Properties Real Estate Investment Company Profile
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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