Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$40.61.

AP.UN has been the subject of several analyst reports. CIBC boosted their target price on shares of Allied Properties Real Estate Investment from C$38.50 to C$42.00 in a research note on Friday, August 4th. Desjardins upped their price objective on shares of Allied Properties Real Estate Investment from C$40.00 to C$43.00 in a research note on Friday, August 18th. TD Securities upped their price objective 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. BMO Capital Markets reaffirmed a “market perform” rating and set a C$41.00 price objective (up previously from C$40.00) on shares of Allied Properties Real Estate Investment in a research note on Thursday, August 24th. Finally, Raymond James Financial, Inc. dropped their price objective on shares of Allied Properties Real Estate Investment from C$45.00 to C$40.00 and set an “outperform” rating for the company in a research note on Tuesday, August 8th.

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Allied Properties Real Estate Investment Company Profile

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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