TD Securities Lowers Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$20.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its target price reduced by TD Securities from C$21.00 to C$20.00 in a research report report published on Wednesday, BayStreet.CA reports.

AP.UN has been the topic of a number of other research reports. CIBC dropped their price target on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. Desjardins lowered their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a hold rating on the stock in a research note on Friday, February 2nd. Scotiabank lowered their target price on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an outperform rating on the stock in a research note on Tuesday, March 12th. Canaccord Genuity Group lowered their target price on Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a buy rating on the stock in a research note on Thursday, February 1st. Finally, National Bankshares lowered their target price on Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an outperform rating on the stock in a research note on Sunday, February 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Allied Properties Real Estate Investment has an average rating of Moderate Buy and a consensus target price of C$20.22.

Allied Properties Real Estate Investment Price Performance

TSE:AP.UN opened at C$17.10 on Wednesday. The business’s 50-day moving average price is C$17.41 and its 200 day moving average price is C$18.09. The firm has a market cap of C$2.19 billion, a P/E ratio of -4.34 and a beta of 1.16. Allied Properties Real Estate Investment has a 52-week low of C$15.01 and a 52-week high of C$23.40. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48.

Allied Properties Real Estate Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.80 annualized dividend and a yield of 10.53%. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is currently -45.69%.

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.