Allied Properties Real Estate Investment (TSE:AP.UN) Director Michael R. Emory Buys 1,023 Shares

Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) Director Michael R. Emory bought 1,023 shares of the stock in a transaction on Monday, May 16th. The shares were acquired at an average cost of C$38.96 per share, for a total transaction of C$39,856.08. Following the purchase, the director now owns 229,304 shares in the company, valued at C$8,933,683.84.

Shares of AP.UN traded up C$0.07 on Friday, reaching C$38.83. 95,176 shares of the stock traded hands, compared to its average volume of 229,399. The firm has a market cap of C$4.97 billion and a price-to-earnings ratio of 8.96. The company has a debt-to-equity ratio of 55.19, a current ratio of 0.89 and a quick ratio of 0.13. Allied Properties Real Estate Investment has a 12 month low of C$37.00 and a 12 month high of C$48.89. The stock’s 50-day moving average price is C$43.63 and its 200-day moving average price is C$43.78.

Several equities research analysts have recently issued reports on AP.UN shares. TD Securities reduced 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. National Bankshares reduced 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. CIBC reduced their price target on Allied Properties Real Estate Investment from C$54.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday. Raymond James set a C$53.00 price target on Allied Properties Real Estate Investment and gave the company an “outperform” rating in a report on Thursday, April 28th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$50.90.

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.

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