Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective hoisted by Scotiabank from C$39.50 to C$41.00 in a report released on Friday. The firm presently has an “outperform” rating on the real estate investment trust’s stock.

AP.UN has been the subject of a number of other research reports. TD Securities upped their price objective on Allied Properties Real Estate Investment from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. National Bank Financial raised Allied Properties Real Estate Investment from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 5th. Raymond James Financial, Inc. upped their price objective on Allied Properties Real Estate Investment from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. BMO Capital Markets reiterated a “market perform” rating and issued a C$40.00 target price on shares of Allied Properties Real Estate Investment in a research report on Thursday, April 6th. Finally, Canaccord Genuity boosted their target price on Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Allied Properties Real Estate Investment presently has a consensus rating of “Buy” and a consensus price target of C$39.84.

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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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