National Bank Financial reaffirmed their outperform rating on shares of Allied Properties Real Estate Investment (TSE:AP.UN) in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a C$52.00 target price on the real estate investment trust’s stock.

AP.UN has been the subject of several other research reports. Royal Bank of Canada increased their price objective on shares of Allied Properties Real Estate Investment from C$47.00 to C$51.00 and gave the stock an outperform rating in a research report on Friday, February 15th. Raymond James increased their price objective on shares of Allied Properties Real Estate Investment from C$48.00 to C$50.00 in a research report on Friday, February 15th. BMO Capital Markets reaffirmed an outperform rating and set a C$50.00 price target on shares of Allied Properties Real Estate Investment in a report on Monday, February 11th. TD Securities raised their price target on shares of Allied Properties Real Estate Investment from C$49.00 to C$52.00 and gave the company a buy rating in a report on Friday, February 15th. Finally, CIBC increased their price objective on shares of Allied Properties Real Estate Investment from C$46.00 to C$51.00 in a research note on Friday, February 15th. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of C$50.03.

Shares of AP.UN stock opened at C$48.19 on Tuesday. Allied Properties Real Estate Investment has a one year low of C$35.76 and a one year high of C$42.41. The company has a quick ratio of 0.14, a current ratio of 0.38 and a debt-to-equity ratio of 44.57. The company has a market cap of $5.00 billion and a P/E ratio of 9.85.

In other Allied Properties Real Estate Investment news, Director Michael R. Emory sold 50,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$49.31, for a total transaction of C$2,465,315.00. Following the transaction, the director now directly owns 1,007,442 shares in the company, valued at approximately C$49,673,237.48.

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.

Further Reading: P/E Growth (PEG)

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

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