Allied Properties Real Estate Investment (TSE:AP.UN) Plans $0.15 Monthly Dividend

Allied Properties Real Estate Investment (TSE:AP.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.15 per share by the real estate investment trust on Wednesday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date of this dividend is Monday, April 29th.

Allied Properties Real Estate Investment Stock Performance

Shares of AP.UN opened at C$17.10 on Friday. The company has a debt-to-equity ratio of 60.48, a quick ratio of 0.12 and a current ratio of 0.73. The stock has a market capitalization of C$2.19 billion, a P/E ratio of -4.34 and a beta of 1.16. The company’s fifty day moving average is C$17.39 and its two-hundred day moving average is C$18.09. Allied Properties Real Estate Investment has a 1 year low of C$15.01 and a 1 year high of C$23.40.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AP.UN shares. Royal Bank of Canada lowered their price target on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, February 2nd. Canaccord Genuity Group lowered their price target on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Scotiabank lowered their price target on shares of Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating on the stock in a research note on Tuesday, March 12th. Desjardins lowered their price target on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating on the stock in a research note on Friday, February 2nd. Finally, National Bankshares lowered their price target on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$20.22.

About Allied Properties Real Estate Investment

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.