Allied Properties Real Estate Investment (TSE:AP.UN) had its target price raised by Scotiabank from C$39.50 to C$41.00 in a report released on Friday morning. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the stock. TD Securities raised their price target 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. Canaccord Genuity raised their price target on shares of Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the company a hold rating in a report on Friday, May 5th. Raymond James Financial, Inc. raised their price target on shares of Allied Properties Real Estate Investment from C$38.00 to C$40.00 and gave the company an outperform rating in a report on Monday, May 15th. 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. Finally, BMO Capital Markets restated a market perform rating and issued a C$40.00 price target on shares of Allied Properties Real Estate Investment in a report on Thursday, April 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$39.84.

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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.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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