Canaccord Genuity Sticks to Its Hold Rating for Allied Prop. REIT (AP.UN)


In a new note to investors yesterday, an analyst has provided a rating update for Allied Prop. REIT (AP.UN). Analyst Mark Rothschild from Canaccord Genuity remains neutral on the stock and has a C$44.50 price target.

According to TipRanks.com, Rothschild is ranked #500 out of 4918 analysts.

Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$46.90.

Allied Prop. REIT’s market cap is currently C$4.36B and has a P/E ratio of 10.9. 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$43.49.

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