Allied Properties Real Estate Investment (TSE:AP.UN) Declares $0.15 Monthly Dividend

Allied Properties Real Estate Investment (TSE:AP.UN - Get Free Report) declared a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.15 per share by the real estate investment trust on Wednesday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date of this dividend is Monday, April 29th.

Allied Properties Real Estate Investment Trading Up 0.2 %

Shares of TSE:AP.UN traded up C$0.03 during trading on Friday, reaching C$17.10. 197,728 shares of the company were exchanged, compared to its average volume of 466,936. The firm has a market capitalization of C$2.19 billion, a PE ratio of -4.34 and a beta of 1.16. The business's fifty day simple moving average is C$17.39 and its 200-day simple moving average is C$18.09. Allied Properties Real Estate Investment has a 12-month low of C$15.01 and a 12-month high of C$23.40. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. CIBC dropped their price objective on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. National Bankshares dropped their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an "outperform" rating on the stock in a research note on Wednesday. TD Securities dropped their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research note on Wednesday. Canaccord Genuity Group dropped their price objective on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a "buy" rating on the stock in a research note on Thursday, February 1st. Finally, Laurentian increased their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$20.22.

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.