Allied Properties Real Estate Investment (AP.UN) Receives C$40.78 Average Target Price from Brokerages

Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have earned a consensus rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$40.78.

A number of research firms have commented on AP.UN. BMO Capital Markets restated a “market perform” rating and set a C$41.00 price target (up from C$40.00) on shares of Allied Properties Real Estate Investment in a research report on Thursday, August 24th. Desjardins boosted their price target on shares of Allied Properties Real Estate Investment from C$40.00 to C$43.00 in a research report on Friday, August 18th. Raymond James Financial, Inc. dropped their price target 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 research report on Tuesday, August 8th. Royal Bank Of Canada boosted their price target on shares of Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Scotiabank boosted their price target 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 research report on Friday, August 4th.

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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.

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