Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is C$45.78.

A number of research firms have issued reports on AP.UN. Raymond James boosted their price target on Allied Properties Real Estate Investment from C$45.00 to C$48.00 and gave the company an “outperform” rating in a research note on Tuesday, August 7th. National Bank Financial reiterated an “outperform” rating and set a C$45.75 price objective on shares of Allied Properties Real Estate Investment in a research note on Tuesday, June 26th. BMO Capital Markets reiterated an “outperform” rating and set a C$46.00 price objective on shares of Allied Properties Real Estate Investment in a research note on Tuesday, July 31st. Canaccord Genuity boosted their price objective on Allied Properties Real Estate Investment from C$42.00 to C$43.25 in a research note on Friday, August 3rd. Finally, Royal Bank of Canada boosted their price objective on Allied Properties Real Estate Investment from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Friday, August 3rd.

Shares of Allied Properties Real Estate Investment stock traded down C$0.03 during trading hours on Friday, reaching C$44.15. 655,971 shares of the stock traded hands, compared to its average volume of 139,864. Allied Properties Real Estate Investment has a one year low of C$35.76 and a one 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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