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Allied Prop. REIT (AP.UN) Receives a Buy from National Bank


A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Matt Kornack from National Bank remains bullish on Allied Prop. REIT (AP.UN) and has a C$48 price target.

According to TipRanks.com, Kornack is ranked #3457 out of 4912 analysts.

Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$47.30, which is a 7.9% upside from current levels. In a report issued on October 29, Raymond James also maintained a Buy rating on the stock with a C$48 price target.

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Allied Prop. REIT’s market cap is currently C$4.36B and has a P/E ratio of 11.1. The company has a Price to Book ratio of 1.10.

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 Friday at C$43.85.