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Allied Properties Real Estate Investment (TSE:AP.UN) was downgraded by Canaccord Genuity to a “hold” rating in a research note issued on Thursday, Stock Ratings Network reports.

Several other analysts have also recently commented on the stock. Analysts at National Bank Financial upgraded shares of Allied Properties Real Estate Investment from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 6th. They now have a C$36.50 price target on the stock, up previously from C$35.00. Separately, analysts at RBC Capital raised their price target on shares of Allied Properties Real Estate Investment from C$37.00 to C$38.00 in a research note on Thursday, March 6th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Allied Properties Real Estate Investment from C$36.40 to C$37.25 in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$36.64.

The company also recently announced a dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.1067 per share. The ex-dividend date is Monday, April 28th.

Allied Properties Real Estate Investment Trust (TSE:AP) is a closed-end real estate investment trust.

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