Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report ) have earned a Moderate Buy consensus rating from the eight rating firms currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a Hold recommendation, while five have given the company a Buy recommendation. The average 12-month target price from brokerages that have issued ratings on the company's stock in the past year is C$19.83.
Several research firms have recently issued their opinions on AP.UN. TD Securities lowered their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Scotiabank lowered their target price on Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Raymond James lowered their target price on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set an “in line with market” rating for the company in a report on Thursday, May 2nd. National Bankshares lowered their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, CIBC lowered their target price on Allied Properties Real Estate Investment Trust from C$19.50 to C$19.00 in a report on Wednesday, March 13th.
Check out our latest stock analysis for Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust shares rose 0.1%
Allied Properties Real Estate Investment Trust's shares opened at C$15.31 on Friday. The company has a market capitalization of C$1.96 billion, a price-to-earnings ratio of -4.01 and a beta of 1.17. The company has a debt-to-equity ratio of 62.23, a current ratio of 0.67 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust's 52-week low is C$15.01 and its 52-week high is C$22.76. The stock's 50-day simple moving average is C$16.65 and its 200-day simple moving average is C$17.89.
Allied Properties Real Estate Investment Trust Announces Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date for this dividend was Monday, April 29th. This works out to an annualized dividend of $1.80, for a dividend yield of 11.76%. Allied Properties Real Estate Investment Trust's dividend payout ratio is currently -47.12%.
Allied Properties Real Estate Investment Trust Company Profile
(Get your free report
Allied is a leading owner and operator of distinctive urban workspaces in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspaces that are sustainable and promote human health, creativity, connectivity and diversity. Allied's vision is to continually contribute to cities and cultures that elevate and inspire the humanity of all people.
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