Gordon R. Cunningham Sells 1,500 Shares of Allied Properties Real Estate Investment (TSE:AP.UN) Stock


Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) Director Gordon R. Cunningham sold 1,500 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of C$41.00, for a total value of C$61,500.00. Following the completion of the transaction, the director now directly owns 16,445 shares of the company’s stock, valued at C$674,245.

TSE:AP.UN opened at C$38.85 on Friday. The firm has a market capitalization of C$4.97 billion and a price-to-earnings ratio of 8.97. Allied Properties Real Estate Investment has a 52-week low of C$37.00 and a 52-week high of C$48.89. The stock has a fifty day moving average of C$44.41 and a 200 day moving average of C$43.94. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.13 and a current ratio of 0.89.

A number of equities analysts have recently commented on the company. Canaccord Genuity Group lowered Allied Properties Real Estate Investment to a “hold” rating and set a C$48.00 price target for the company. in a report on Wednesday, April 6th. CIBC raised their price target on Allied Properties Real Estate Investment from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a report on Tuesday, March 8th. National Bankshares cut their price target on Allied Properties Real Estate Investment from C$52.00 to C$51.00 and set an “outperform” rating for the company in a report on Thursday, February 3rd. TD Securities cut their price target on Allied Properties Real Estate Investment from C$53.00 to C$52.00 and set a “buy” rating for the company in a report on Friday, April 29th. Finally, Raymond James set a C$53.00 price target on Allied Properties Real Estate Investment and gave the stock an “outperform” rating in a report on Thursday, April 28th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$51.30.

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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