Allied Properties Real Estate Investment - AP.UN Stock Forecast, Price & News

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.

Allied Properties Real Estate Investment Price Performance

Shares of AP.UN Stock opened at C$34.33 on Friday. Allied Properties Real Estate Investment has a 1-year low of C$32.03 and a 1-year high of C$48.89. The firm has a fifty day moving average of C$33.94 and a two-hundred day moving average of C$40.02. The company has a debt-to-equity ratio of 56.99, a current ratio of 0.45 and a quick ratio of 0.17. The firm has a market cap of C$4.39 billion and a P/E ratio of 8.10.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets lowered their price target on Allied Properties Real Estate Investment from C$43.00 to C$42.00 in a report on Friday, July 29th. Scotiabank reduced their price objective on Allied Properties Real Estate Investment from C$47.25 to C$46.00 in a research report on Friday, July 29th. Raymond James lowered their target price on Allied Properties Real Estate Investment from C$52.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Friday, July 29th. CIBC cut their price objective on Allied Properties Real Estate Investment from C$47.50 to C$43.00 and set an "outperform" rating on the stock in a report on Friday, July 29th. Finally, TD Securities lowered their price objective on Allied Properties Real Estate Investment from C$53.00 to C$52.00 and set a "buy" rating for the company in a research report on Friday, April 29th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$47.78.

Insider Activity at Allied Properties Real Estate Investment

In other Allied Properties Real Estate Investment news, Director Michael R. Emory bought 1,023 shares of the business's stock in a transaction on Monday, May 16th. The shares were bought at an average cost of C$38.96 per share, for a total transaction of C$39,856.08. Following the transaction, the director now owns 229,304 shares in the company, valued at approximately C$8,933,683.84. In other news, Director Michael R. Emory bought 1,023 shares of the firm's stock in a transaction that occurred on Monday, May 16th. The stock was acquired at an average cost of C$38.96 per share, with a total value of C$39,856.08. Following the completion of the purchase, the director now owns 229,304 shares of the company's stock, valued at C$8,933,683.84. Also, Senior Officer Hugh Fletcher Clark purchased 7,000 shares of the business's stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of C$33.64 per share, with a total value of C$235,480.00. Following the acquisition, the insider now directly owns 27,415 shares in the company, valued at C$922,240.60.