BMO Capital Markets Reaffirms “Market Perform” Rating for Allied Properties Real Estate Investment (AP.UN)

BMO Capital Markets reissued their market perform rating on shares of Allied Properties Real Estate Investment (TSE:AP.UN) in a research note published on Thursday, August 24th. They currently have a C$41.00 price objective on the real estate investment trust’s stock, up from their previous price objective of C$40.00.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada increased their price objective on shares of Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the company an outperform rating in a research note on Friday, August 4th. Scotiabank increased their target price on shares of Allied Properties Real Estate Investment from C$39.00 to C$39.50 and gave the company an outperform rating in a research report on Sunday, May 7th. TD Securities increased their target price on shares of Allied Properties Real Estate Investment from C$39.00 to C$40.00 and gave the company a buy rating in a research report on Friday, May 5th. National Bank Financial raised shares of Allied Properties Real Estate Investment from a sector perform rating to an outperform rating in a report on Friday, May 5th. Finally, Canaccord Genuity raised their price objective on shares of Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the stock a hold rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$40.35.

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About Allied Properties Real Estate Investment

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

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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