Allied Properties Real Estate Investment (TSE:AP.UN) Price Target Cut to C$20.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective decreased by TD Securities from C$21.00 to C$20.00 in a research note published on Wednesday morning, BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the stock. National Bankshares dropped their price objective on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an outperform rating for the company in a research note on Sunday, February 4th. CIBC dropped their price objective on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. Canaccord Genuity Group cut their price target on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a buy rating on the stock in a research note on Thursday, February 1st. Scotiabank cut their price target on shares of Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an outperform rating on the stock in a research note on Tuesday, March 12th. Finally, Laurentian increased their price target on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Allied Properties Real Estate Investment has a consensus rating of Moderate Buy and a consensus target price of C$20.22.

Allied Properties Real Estate Investment Trading Down 1.0 %

Shares of AP.UN opened at C$17.18 on Wednesday. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12. The firm has a 50 day simple moving average of C$17.43 and a 200-day simple moving average of C$18.11. Allied Properties Real Estate Investment has a 1-year low of C$15.01 and a 1-year high of C$24.42. The stock has a market cap of C$2.20 billion, a price-to-earnings ratio of -4.36 and a beta of 1.16.

Allied Properties Real Estate Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 10.48%. The ex-dividend date is Monday, April 29th. Allied Properties Real Estate Investment’s payout ratio is currently -45.69%.

Allied Properties Real Estate Investment Company Profile

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres 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.