TD Securities Lowers Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$52.00

Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) had its price objective lowered by TD Securities from C$53.00 to C$52.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ price target points to a potential upside of 22.76% from the company’s current price.

A number of other analysts also recently weighed in on the stock. National Bankshares reduced their target price on shares of Allied Properties Real Estate Investment from C$52.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Thursday, February 3rd. Raymond James set a C$53.00 price objective on shares of Allied Properties Real Estate Investment and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group downgraded shares of Allied Properties Real Estate Investment to a “hold” rating and set a C$48.00 price objective on the stock. in a research report on Wednesday, April 6th. Finally, CIBC increased their price objective on shares of Allied Properties Real Estate Investment from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research report on Tuesday, March 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$51.30.

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Shares of TSE:AP.UN traded down C$0.49 during midday trading on Friday, reaching C$42.36. The company’s stock had a trading volume of 102,350 shares, compared to its average volume of 227,749. The firm has a 50-day moving average of C$45.48 and a 200-day moving average of C$44.05. The firm has a market capitalization of C$5.42 billion and a P/E ratio of 12.18. The company has a quick ratio of 0.16, a current ratio of 0.91 and a debt-to-equity ratio of 56.27. Allied Properties Real Estate Investment has a 12-month low of C$39.80 and a 12-month high of C$48.89.

In other news, Director Gordon R. Cunningham sold 1,900 shares of Allied Properties Real Estate Investment stock in a transaction 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 transaction, the director now owns 17,267 shares in the company, valued at approximately C$759,748.

About Allied Properties Real Estate Investment (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.

So see

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