Allied Properties Real Estate Investment (AP.UN) Price Target Lowered to C$40.00 at Raymond James Financial, Inc.

Allied Properties Real Estate Investment (TSE:AP.UN) had its target price reduced by equities research analysts at Raymond James Financial, Inc. from C$45.00 to C$40.00 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on AP.UN. CIBC increased their price objective on Allied Properties Real Estate Investment from C$38.50 to C$42.00 in a report on Friday. Canaccord Genuity increased their price objective on Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the company a “hold” rating in a report on Friday, May 5th. Scotiabank increased their price objective on Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank Of Canada increased their price objective on Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Securities increased their price objective on Allied Properties Real Estate Investment from C$40.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday, June 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$39.84.

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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.

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