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


Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$47.78.

A number of equities research analysts have issued reports on AP.UN shares. CIBC reduced their target price on shares of Allied Properties Real Estate Investment from C$47.50 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. BMO Capital Markets reduced their target price on shares of Allied Properties Real Estate Investment from C$43.00 to C$42.00 in a report on Friday, July 29th. TD Securities reduced their target price on shares of Allied Properties Real Estate Investment from C$53.00 to C$52.00 and set a “buy” rating on the stock in a report on Friday, April 29th. Raymond James reduced their price objective on shares of Allied Properties Real Estate Investment from C$52.00 to C$45.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Finally, Scotiabank reduced their price objective on shares of Allied Properties Real Estate Investment from C$47.25 to C$46.00 in a report on Friday, July 29th.

Insider Activity at Allied Properties Real Estate Investment

In related news, Director Michael R. Emory bought 1,023 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were purchased at an average cost of C$38.96 per share, with a total value of C$39,856.08. Following the transaction, the director now directly owns 229,304 shares of the company’s stock, valued at approximately C$8,933,683.84. In related news, Director Michael R. Emory bought 1,023 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were purchased at an average cost of C$38.96 per share, with a total value of C$39,856.08. Following the transaction, the director now directly owns 229,304 shares of the company’s stock, valued at approximately C$8,933,683.84. Also, Senior Officer Hugh Fletcher Clark acquired 7,000 shares of the stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of C$33.64 per share, for a total transaction of C$235,480.00. Following the completion of the transaction, the insider now directly owns 27,415 shares in the company, valued at approximately C$922,240.60.

Allied Properties Real Estate Investment Price Performance

Allied Properties Real Estate Investment stock opened at C$33.32 on Friday. The firm has a market cap of C$4.26 billion and a PE ratio of 7.86. Allied Properties Real Estate Investment has a 52-week low of C$32.03 and a 52-week high of C$48.89. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 56.99. The company’s 50 day moving average is C$34.44 and its two-hundred day moving average is C$40.37.

Allied Properties Real Estate Investment Company Profile

(Get Rating)

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centers 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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Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)



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