Allied Prop. REIT (AP.UN) Receives a Hold from Canaccord Genuity


Allied Prop. REIT (AP.UN), the Financial sector company, has received a rating update from a Wall Street analyst on January 4. Canaccord Genuity’s analyst Mark Rothschild reiterates their Hold rating on the shares, with a C$47.25 price target.

According to TipRanks.com, Rothschild is ranked #718 out of 5116 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allied Prop. REIT with a C$47.64 average price target.

Allied Prop. REIT’s market cap is currently C$4.54B and has a P/E ratio of 9.2. The company has a Price to Book ratio of 1.06.

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$43.70.

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