Allied Properties Real Estate Investment (TSE:AP.UN) has received an average recommendation of “Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$39.19.

A number of equities analysts have weighed in on the stock. TD Securities raised their target price on shares of Allied Properties Real Estate Investment from C$40.00 to C$43.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Canaccord Genuity raised their target price on shares of Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the stock a “hold” rating in a report on Friday, May 5th. Scotiabank raised their target price on shares of Allied Properties Real Estate Investment from C$38.50 to C$39.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Raymond James Financial, Inc. raised their target price on shares of Allied Properties Real Estate Investment from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, 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 Friday, May 5th.

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About Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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