Allied Properties Real Estate Investment (TSE:AP.UN)‘s stock had its “outperform” rating reaffirmed by equities researchers at National Bank Financial in a research report issued on Wednesday. They currently have a C$47.00 target price on the real estate investment trust’s stock. National Bank Financial’s target price suggests a potential upside of 8.37% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. TD Securities lifted their price objective on Allied Properties Real Estate Investment from C$47.00 to C$48.00 in a report on Wednesday. Canaccord Genuity boosted their price target on Allied Properties Real Estate Investment from C$42.00 to C$43.25 in a report on Friday, August 3rd. Raymond James boosted their price target on Allied Properties Real Estate Investment from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a report on Tuesday, August 7th. Royal Bank of Canada boosted their price target on Allied Properties Real Estate Investment from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Friday, August 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$46.00 price target on shares of Allied Properties Real Estate Investment in a report on Tuesday, July 31st. Six research analysts have rated the stock with a buy rating, Allied Properties Real Estate Investment presently has a consensus rating of “Buy” and a consensus price target of C$46.00.

AP.UN opened at C$43.37 on Wednesday. Allied Properties Real Estate Investment has a 1 year low of C$35.76 and a 1 year high of C$42.41.

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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Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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