Allied Properties Real Estate Investment (TSE:AP.UN) PT lowered to CA$45.00 at Raymond James

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Allied Properties Real Estate Investment (TSE:AP.UN – Get a rating) had its price target lowered by investment analysts Raymond James from C$52.00 to C$45.00 in a note issued to investors on Friday, BayStreet.CA reports. The company currently has an “outperform” rating on shares of the real estate investment trust. Raymond James’ target price indicates a potential upside of 32.16% from the stock’s previous close.

A number of other equity research analysts also weighed in on the company. Canaccord Genuity Group has downgraded Allied Properties Real Estate Investment to a “hold” rating and has set a price target of C$48.00 for the stock. in a report on Wednesday, April 6. BMO Capital Markets lowered its price target on Allied Properties Real Estate Investment from C$43.00 to C$42.00 in a report on Friday. Scotiabank lowered its price target on Allied Properties Real Estate Investment from C$47.25 to C$46.00 in a report on Friday. CIBC lowered its price target on Allied Properties Real Estate Investment from C$47.50 to C$43.00 and set an “outperform” rating on the stock in a report released Friday. Finally, TD Securities lowered its price target on Allied Properties Real Estate Investment from C$53.00 to C$52.00 and set a “buy” rating on the stock in a Friday, April 29 report. . One equity research analyst gave the stock a hold rating and eight gave the company a buy rating. According to MarketBeat.com, Allied Properties Real Estate Investment has an average rating of “Moderate Buy” and a consensus price target of C$47.78.

Performance of Allied Properties real estate investment stocks

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AP.UN traded at C$0.44 during Friday’s trading, reaching C$34.05. The company’s stock had a trading volume of 118,200 shares, compared to an average volume of 224,408. Allied Properties Real Estate Investment has a 52-week low of C$32.03 and a 52-week high of C$48. C$.89. The company’s 50-day moving average price is CA$35.02 and its 200-day moving average price is CA$40.83. The company has a market cap of C$4.36 billion and a price-earnings ratio of 7.86. The company has a debt ratio of 55.19, a quick ratio of 0.13 and a current ratio of 0.89.

Insider buying and selling

In related news, director Michael R. Emory acquired 1,023 shares of the company in a transaction that took place on Monday, May 16. The shares were purchased at an average cost of CA$38.96 per share, for a total transaction of CA$39,856.08. As a result of the transaction, the administrator now directly owns 229,304 shares of the company, valued at approximately C$8,933,683.84. In related news, director Michael R. Emory acquired 1,023 shares of the company in a transaction that took place on Monday, May 16. The shares were purchased at an average cost of CA$38.96 per share, for a total transaction of CA$39,856.08. As a result of the transaction, the administrator now directly owns 229,304 shares of the company, valued at approximately C$8,933,683.84. Additionally, director Gordon R. Cunningham sold 1,500 shares of Allied Properties Real Estate Investment in a trade that took place on Wednesday, May 4. The stock was sold at an average price of CA$41.00, for a total value of CA$61,500.00. Following the transaction, the administrator now owns 16,445 shares of the company, valued at C$674,245.

About Allied Properties Real Estate Investing

(Get a rating)

Allied is a leading owner, manager and developer of (i) distinctive urban workspaces in major cities across Canada and (ii) densely networked urban data centers in Toronto that form Canada’s hub for global connectivity. Allied’s business provides 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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