Allied Properties Real Estate Investment (TSE:AP.UN) Given a C$53.00 Price Target at Raymond James
Raymond James set a C$53.00 target price on Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) in a report released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.
A number of other analysts also recently issued reports on the stock. National Bankshares cut their objective price on shares of 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. Canaccord Genuity Group downgraded Allied Properties Real Estate Investment to a hold rating and set a C$48.00 price target on the stock. in a research report on Wednesday, April 6th. Finally, CIBC lifted their price objective on Allied Properties Real Estate Investment from C$53.00 to C$54.00 and gave the company an outperform rating in a report on Tuesday, March 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of C$51.40.
Shares of Allied Properties Real Estate Investment stock opened at C$42.85 on Thursday. The company has a debt-to-equity ratio of 56.27, a quick ratio of 0.16 and a current ratio of 0.91. The firm has a 50-day moving average of C$45.48 and a 200-day moving average of C$44.05. Allied Properties Real Estate Investment has a 52-week low of C$39.80 and a 52-week high of C$48.89. The stock has a market cap of C$5.48 billion and a PE ratio of 12.31.
In related news, Director Gordon R. Cunningham sold 1,900 shares of the company’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of C$44.00, for a total transaction of C$83,600.00. Following the completion of the transaction, the director now directly owns 17,267 shares in the company, valued at approximately C$759,748.
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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