Allied Properties Real Estate Investment (AP.UN) Price Target Cut to C$39.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its price target reduced by TD Securities from C$40.00 to C$39.00 in a research report sent to investors on Friday morning. They currently have a buy rating on the real estate investment trust’s stock.

AP.UN has been the topic of a number of other research reports. CIBC lowered their price target on Allied Properties Real Estate Investment from C$40.00 to C$37.50 in a report on Thursday, November 3rd. Scotiabank restated an outperform rating and issued a C$38.50 price target on shares of Allied Properties Real Estate Investment in a report on Thursday, February 23rd. Royal Bank of Canada restated an outperform rating and issued a C$41.00 price target on shares of Allied Properties Real Estate Investment in a report on Tuesday, December 20th. Canaccord Genuity lowered their price target on Allied Properties Real Estate Investment from C$37.50 to C$36.50 in a report on Friday, February 24th. Finally, National Bank Financial lowered their price target on Allied Properties Real Estate Investment from C$39.50 to C$38.00 in a report on Thursday, November 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$38.85.

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Allied Properties Real Estate Investment Company Profile

Allied Properties Real Estate Investment Trust is a Canada-based closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in approximately 10 urban markets in Canada, including Toronto, Montreal, Ottawa, Winnipeg, Quebec City, Kitchener, Calgary, Edmonton, Victoria and Vancouver.

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