Allied Prop. REIT (TSX: AP.UN), the Financial sector company, has received a rating update from a Wall Street analyst today. Analyst Matt Kornack from National Bank rated Allied Prop. REIT (TSX: AP.UN) a Buy, setting a C$47 price target.
Kornack has an average return of 3.1% when recommending Allied Prop. REIT.
According to TipRanks.com, Kornack is ranked #3337 out of 4874 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allied Prop. REIT with a C$45.88 average price target.
The company has a one-year high of C$45.57 and a one-year low of C$37.68. Currently, Allied Prop. REIT has an average volume of 160.9K.
Allied Properties Real Estate Investment Trust engages in owning, management, and development of urban office environments. It offers services such as rental overview and search, available space, and tenant profile. The company was founded on October 25, 2002 and is headquartered in Toronto, Canada.
The company’s shares closed on Tuesday at C$44.74, close to its 52-week high of C$45.57.
