Allied Properties Real Estate Investment Given Average Rating of “Buy” by Brokerages (TSE:AP.UN)
Allied Properties Real Estate Investment (TSE:AP.UN) has received an average rating of “Buy” from the ten analysts that are currently covering the stock, AnalystRatings.Net reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$37.58.
AP.UN has been the subject of a number of recent research reports. Analysts at National Bank Financial reiterated an “outperform” rating on shares of Allied Properties Real Estate Investment in a research note on Wednesday. They now have a C$36.50 price target on the stock. Analysts at RBC Capital raised their price target on shares of Allied Properties Real Estate Investment from C$38.00 to C$39.00 in a research note on Wednesday. They now have an “outperform” rating on the stock.
The company also recently announced a dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.1074 per share. The ex-dividend date is Wednesday, August 27th.
Allied Properties Real Estate Investment Trust (TSE:AP) is a closed-end real estate investment trust.
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