Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$39.09.
A number of research analysts have weighed in on AP.UN shares. National Bankshares cut their price objective on shares of Allied Properties Real Estate Investment from C$36.50 to C$33.75 in a report on Monday, October 24th. TD Securities cut their target price on shares of Allied Properties Real Estate Investment from C$43.00 to C$37.00 and set a “buy” rating on the stock in a research note on Thursday, October 20th. Royal Bank of Canada dropped their price objective on shares of Allied Properties Real Estate Investment from C$44.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Raymond James lowered their target price on shares of Allied Properties Real Estate Investment from C$45.00 to C$38.50 in a report on Friday, October 28th. Finally, Scotiabank lowered their target price on shares of Allied Properties Real Estate Investment from C$46.00 to C$40.50 in a report on Wednesday, October 12th.
Allied Properties Real Estate Investment Stock Performance
Allied Properties Real Estate Investment stock opened at C$26.59 on Friday. The firm has a market capitalization of C$3.40 billion and a P/E ratio of 7.17. The company’s 50-day moving average is C$26.75 and its 200 day moving average is C$30.99. Allied Properties Real Estate Investment has a 1-year low of C$25.00 and a 1-year high of C$48.89. The company has a debt-to-equity ratio of 58.03, a current ratio of 0.82 and a quick ratio of 0.12.
Insider Transactions at Allied Properties Real Estate Investment
In other news, Senior Officer Thomas Gerard Burns purchased 4,000 shares of the stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average cost of C$29.62 per share, for a total transaction of C$118,480.00. Following the completion of the acquisition, the insider now directly owns 89,091 shares in the company, valued at approximately C$2,638,875.42.
About Allied Properties Real Estate Investment
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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.
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