James Clark Griffiths Sells 2,000 Shares of Allied Properties Real Estate Investment (AP.UN) Stock

Allied Properties Real Estate Investment (TSE:AP.UN) Director James Clark Griffiths sold 2,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$47.75, for a total value of C$95,500.00. Following the transaction, the director now owns 11,944 shares of the company’s stock, valued at C$570,326.

Allied Properties Real Estate Investment stock traded up C$0.53 during mid-day trading on Friday, hitting C$48.91. 40,774 shares of the company were exchanged, compared to its average volume of 139,864. The company has a debt-to-equity ratio of 44.57, a current ratio of 0.38 and a quick ratio of 0.14. Allied Properties Real Estate Investment has a 1-year low of C$35.76 and a 1-year high of C$42.41. The firm has a market capitalization of $5.04 billion and a P/E ratio of 10.00.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.133 per share. The ex-dividend date is Wednesday, February 27th. This represents a $1.60 annualized dividend and a yield of 3.26%. Allied Properties Real Estate Investment’s dividend payout ratio is currently 32.70%.

AP.UN has been the subject of several recent analyst reports. CIBC increased their price objective on Allied Properties Real Estate Investment from C$46.00 to C$51.00 in a research note on Friday, February 15th. BMO Capital Markets reiterated an “outperform” rating and set a C$50.00 price objective on shares of Allied Properties Real Estate Investment in a research note on Monday, February 11th. TD Securities increased their price objective on Allied Properties Real Estate Investment from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Raymond James increased their price objective on Allied Properties Real Estate Investment from C$48.00 to C$50.00 in a research note on Friday, February 15th. Finally, Desjardins increased their price objective on Allied Properties Real Estate Investment from C$47.00 to C$49.00 in a research note on Thursday, December 6th. Six investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$49.44.

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Allied Properties Real Estate Investment Company Profile

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.

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