Allied Properties Real Estate Investment (TSE:AP.UN) declared a monthly dividend on Thursday, February 25th, TickerTech reports. Stockholders of record on Monday, March 15th will be given a dividend of 0.1417 per share by the real estate investment trust on Monday, March 15th. This represents a $1.70 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Thursday, February 25th. This is a positive change from Allied Properties Real Estate Investment's previous monthly dividend of $0.14.
AP.UN stock opened at C$35.89 on Tuesday. The firm's fifty day simple moving average is C$37.24 and its two-hundred day simple moving average is C$37.50. The stock has a market capitalization of C$4.57 billion and a price-to-earnings ratio of 8.93. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 47.10. Allied Properties Real Estate Investment has a twelve month low of C$31.49 and a twelve month high of C$59.54.
Several research firms recently weighed in on AP.UN. Raymond James restated an "outperform" rating and issued a C$48.00 price objective on shares of Allied Properties Real Estate Investment in a report on Thursday, February 4th. CIBC increased their target price on Allied Properties Real Estate Investment from C$43.00 to C$44.00 and gave the company an "outperform" rating in a research report on Friday, February 5th. BMO Capital Markets upped their price objective on Allied Properties Real Estate Investment from C$40.00 to C$42.25 in a research note on Monday, December 14th. National Bank Financial reduced their target price on shares of Allied Properties Real Estate Investment from C$54.00 to C$48.00 and set an "outperform" rating for the company in a report on Monday, November 2nd. Finally, TD Securities lowered their target price on shares of Allied Properties Real Estate Investment from C$52.00 to C$45.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Five investment analysts have rated the stock with a buy rating, Allied Properties Real Estate Investment currently has a consensus rating of "Buy" and an average target price of C$46.84.
In other Allied Properties Real Estate Investment news, Director Michael R. Emory bought 1,458 shares of Allied Properties Real Estate Investment stock in a transaction dated Thursday, February 18th. The stock was acquired at an average cost of C$35.87 per share, with a total value of C$52,298.46. Following the purchase, the director now directly owns 228,281 shares in the company, valued at approximately C$8,188,439.47.
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.
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