Allied Properties Real Estate Investment (AP.UN) Given Average Rating of “Buy” by Brokerages

Allied Properties Real Estate Investment (TSE:AP.UN) has earned a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$40.03.

A number of research analysts recently weighed in on the company. Scotiabank boosted their target price on Allied Properties Real Estate Investment from C$39.00 to C$39.50 and gave the stock an “outperform” rating in a report on Sunday, May 7th. TD Securities boosted their target price on Allied Properties Real Estate Investment from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Friday, May 5th. National Bank Financial raised Allied Properties Real Estate Investment from a “sector perform” rating to an “outperform” rating in a report on Friday, May 5th. Raymond James Financial, Inc. boosted their target price on Allied Properties Real Estate Investment from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. Finally, Royal Bank Of Canada boosted their target price on Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, August 4th.

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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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