Allied Properties Real Estate Investment (TSE:AP.UN) Shares Cross Above 200 Day Moving Average of $50.46

Allied Properties Real Estate Investment (TSE:AP.UN) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.46 and traded as high as $53.60. Allied Properties Real Estate Investment shares last traded at $53.26, with a volume of 50,928 shares trading hands.

AP.UN has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on Allied Properties Real Estate Investment from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. CIBC increased their target price on Allied Properties Real Estate Investment from C$52.00 to C$56.00 in a research note on Friday, November 1st. Canaccord Genuity increased their target price on Allied Properties Real Estate Investment from C$50.00 to C$52.50 in a research note on Wednesday, September 4th. TD Securities lowered Allied Properties Real Estate Investment from a “buy” rating to a “hold” rating and increased their target price for the stock from C$55.00 to C$57.00 in a research note on Tuesday, October 1st. Finally, Raymond James increased their target price on Allied Properties Real Estate Investment from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$54.94.

The stock has a fifty day simple moving average of C$53.63 and a two-hundred day simple moving average of C$50.46. The stock has a market cap of $6.19 billion and a price-to-earnings ratio of 11.63. The company has a debt-to-equity ratio of 45.63, a quick ratio of 0.18 and a current ratio of 0.39.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be issued a $0.133 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, October 30th. Allied Properties Real Estate Investment’s dividend payout ratio is presently 34.82%.

Allied Properties Real Estate Investment Company Profile (TSE:AP.UN)

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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