Scotiabank Raises Allied Properties Real Estate Investment (AP.UN) Price Target to C$43.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its target price boosted by Scotiabank from C$42.50 to C$43.00 in a report released on Friday morning. Scotiabank currently has an outperform rating on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on AP.UN. Desjardins raised their price objective on shares of Allied Properties Real Estate Investment from C$43.00 to C$46.00 in a research report on Friday. CIBC raised their price objective on shares of Allied Properties Real Estate Investment from C$42.00 to C$44.00 in a research report on Friday. National Bank Financial raised their price objective on shares of Allied Properties Real Estate Investment from C$42.50 to C$44.25 and gave the company an outperform rating in a research report on Tuesday, October 31st. BMO Capital Markets reaffirmed a market perform rating and set a C$41.00 target price (up previously from C$40.00) on shares of Allied Properties Real Estate Investment in a report on Thursday, August 24th. Finally, Raymond James Financial, Inc. reduced their target price 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 report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of C$42.47.

Shares of Allied Properties Real Estate Investment (TSE AP.UN) opened at C$41.40 on Friday. Allied Properties Real Estate Investment has a 52-week low of C$32.37 and a 52-week high of C$41.88.

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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.

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