Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$19.83.

Several research firms recently weighed in on AP.UN. TD Securities reduced their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Scotiabank cut their price target on 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. Raymond James cut their price target on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. National Bankshares cut their price target on 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. Finally, CIBC cut their price target on Allied Properties Real Estate Investment Trust from C$19.50 to C$19.00 in a report on Wednesday, March 13th.

Allied Properties Real Estate Investment Trust Stock Up 0.1 %

Shares of Allied Properties Real Estate Investment Trust stock opened at C$15.31 on Friday. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of -4.01 and a beta of 1.17. The company has a debt-to-equity ratio of 62.23, a current ratio of 0.67 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 52-week low of C$15.01 and a 52-week high of C$22.76. The stock has a 50-day simple moving average of C$16.65 and a 200-day simple moving average of C$17.89.

Allied Properties Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.76%. Allied Properties Real Estate Investment Trust’s payout ratio is presently -47.12%.

Allied Properties Real Estate Investment Trust Company Profile

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.