Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have been given an average rating of “Buy” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$40.03.
Several brokerages recently weighed in on AP.UN. TD Securities increased 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 report on Thursday, June 29th. Raymond James Financial, Inc. cut their price objective on shares of Allied Properties Real Estate Investment from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a report on Tuesday. Scotiabank increased their target price on shares of Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Canaccord Genuity increased their target price on shares of Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the stock a “hold” rating in a report on Friday, May 5th. Finally, National Bank Financial upgraded shares of Allied Properties Real Estate Investment from a “sector perform” rating to an “outperform” rating in a report on Friday, May 5th.
About Allied Properties Real Estate Investment
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.
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