Allied Properties Real Estate Investment (AP.UN) Given Average Rating of “Buy” by Brokerages

Shares of Allied Properties Real Estate Investment (TSE:AP.UN) have earned a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$40.78.

Several research analysts recently commented on AP.UN shares. Royal Bank Of Canada boosted their price target on Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. TD Securities boosted their price target on Allied Properties Real Estate Investment from C$40.00 to C$43.00 and gave the stock a “buy” rating in a research note on Thursday, June 29th. CIBC boosted their price target on Allied Properties Real Estate Investment from C$38.50 to C$42.00 in a research note on Friday, August 4th. Raymond James Financial, Inc. cut their price target on Allied Properties Real Estate Investment from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Finally, Scotiabank boosted their price target on Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th.

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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.

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

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