Allied Properties Real Estate Investment (TSE:AP.UNFree Report) had its price objective decreased by Raymond James from C$20.00 to C$19.25 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group cut 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 report on Thursday, February 1st. Desjardins cut their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a hold rating on the stock in a research report on Friday, February 2nd. Royal Bank of Canada cut their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an outperform rating on the stock in a research report on Friday, February 2nd. Laurentian lifted their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research report on Monday, January 22nd. Finally, TD Securities lowered their target price on shares of Allied Properties Real Estate Investment from C$24.00 to C$23.00 and set a buy rating for the company in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$20.67.

Read Our Latest Stock Report on Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Stock Down 0.8 %

Shares of Allied Properties Real Estate Investment stock opened at C$17.14 on Wednesday. The firm’s 50 day moving average price is C$18.71 and its 200-day moving average price is C$18.58. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48. Allied Properties Real Estate Investment has a 52-week low of C$15.01 and a 52-week high of C$26.20. The company has a market cap of C$2.19 billion, a P/E ratio of -4.35 and a beta of 1.16.

Allied Properties Real Estate Investment Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 10.50%. This is a boost from Allied Properties Real Estate Investment’s previous monthly dividend of $0.14. The ex-dividend date was Thursday, December 28th. Allied Properties Real Estate Investment’s payout ratio is presently -45.69%.

About Allied Properties Real Estate Investment

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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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