Allied Properties Real Estate Investment (TSE:AP.UN)‘s stock had its “outperform” rating reissued by equities researchers at National Bank Financial in a note issued to investors on Tuesday, BayStreet.CA reports. They presently have a C$52.00 price objective on the real estate investment trust’s stock. National Bank Financial’s price objective would indicate a potential upside of 7.95% from the stock’s current price.

AP.UN has been the subject of several other reports. Raymond James lifted their price objective on shares of Allied Properties Real Estate Investment from C$48.00 to C$50.00 in a research note on Friday, February 15th. TD Securities boosted their target price on shares of Allied Properties Real Estate Investment from C$49.00 to C$52.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Royal Bank of Canada boosted their target price on shares of Allied Properties Real Estate Investment from C$47.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. CIBC boosted their target price on shares of Allied Properties Real Estate Investment from C$46.00 to C$51.00 in a research note on Friday, February 15th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$50.00 target price on shares of Allied Properties Real Estate Investment in a research note on Monday, February 11th. Five investment analysts have rated the stock with a buy rating, Allied Properties Real Estate Investment currently has an average rating of “Buy” and an average target price of C$50.03.

Shares of TSE AP.UN opened at C$48.17 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.38 and a debt-to-equity ratio of 44.57. Allied Properties Real Estate Investment has a 12 month low of C$35.76 and a 12 month high of C$42.41. The company has a market cap of $5.00 billion and a price-to-earnings ratio of 9.84.

In related news, Director Michael R. Emory sold 50,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$49.31, for a total value of C$2,465,315.00. Following the completion of the transaction, the director now directly owns 1,007,442 shares in the company, valued at approximately C$49,673,237.48.

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.

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

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