Allied Properties Real Estate Investment (TSE:AP.UN – Free Report) had its price objective reduced by National Bankshares from C$20.00 to C$19.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the real estate investment trust’s stock.
A number of other equities analysts also recently issued reports on the company. Laurentian raised their price target on Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Royal Bank of Canada lowered their target price on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an outperform rating on the stock in a research report on Friday, February 2nd. TD Securities lowered their price objective on Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research report on Wednesday. CIBC lowered their price objective on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research report on Wednesday, March 13th. Finally, Canaccord Genuity Group reduced their target price on Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a buy rating on the stock in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$20.22.
Get Our Latest Analysis on AP.UN
Allied Properties Real Estate Investment Stock Performance
Allied Properties Real Estate Investment Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, April 29th. This represents a $1.80 annualized dividend and a dividend yield of 10.53%. Allied Properties Real Estate Investment’s dividend payout ratio (DPR) is presently -45.69%.
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.
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