Allied Properties Real Estate Investment (TSE:AP.UN) had its price target cut by research analysts at Raymond James Financial, Inc. from C$45.00 to C$40.00 in a report released on Tuesday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock.

Several other research firms also recently commented on AP.UN. Scotiabank upped their target price on Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the company an “outperform” rating in a research report on Friday. CIBC upped their target price on Allied Properties Real Estate Investment from C$38.50 to C$42.00 in a research report on Friday. Royal Bank Of Canada upped their target price on Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Friday. TD Securities increased their price target on Allied Properties Real Estate Investment from C$40.00 to C$43.00 and gave the stock a “buy” rating in a research report on Thursday, June 29th. Finally, National Bank Financial raised Allied Properties Real Estate Investment from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 5th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$39.84.

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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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