Allied Prop. REIT (TSX: AP.UN), the Financial sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. RBC Capital’s analyst Neil Downey reiterates their Buy rating on the shares, with a C$46 price target.
Downey has an average return of 10.9% when recommending Allied Prop. REIT.
According to TipRanks.com, Downey is ranked #583 out of 4853 analysts.
Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$45.31, which is a 6.3% upside from current levels. In a report issued on July 30, BMO Capital also reiterated a Buy rating on the stock with a C$46 price target.
.
Allied Prop. REIT’s market cap is currently C$3.96B and has a P/E ratio of 10.5. 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 Thursday at C$42.64.
