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Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.55 and traded as high as C$17.65. Allied Properties Real Estate Investment Trust shares last traded at C$17.65, with a volume of 568,058 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on AP.UN shares. TD Securities cut their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Raymond James reduced their price target on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. National Bankshares lowered their price target on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Scotiabank reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Finally, Royal Bank of Canada decreased their target price on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$19.83.
Check Out Our Latest Stock Analysis on AP.UN
Allied Properties Real Estate Investment Trust Price Performance
The company has a debt-to-equity ratio of 62.23, a quick ratio of 0.12 and a current ratio of 0.67. The company’s 50 day moving average price is C$16.42 and its 200-day moving average price is C$17.55. The company has a market cap of C$2.26 billion, a price-to-earnings ratio of -4.62 and a beta of 1.17.
Allied Properties Real Estate Investment Trust Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were given a $0.15 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.80 annualized dividend and a yield of 10.20%. Allied Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is -47.12%.
Allied Properties Real Estate Investment Trust Company Profile
Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.
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