Yesterday, an analyst has provided a rating update for the Financial sector company, Allied Prop. REIT (TSX: AP.UN). Canaccord Genuity’s analyst Mark Rothschild reiterates their Hold rating on the shares, with a C$43.25 price target.
According to TipRanks.com, Rothschild is ranked #371 out of 4839 analysts.
Currently, the analyst consensus on Allied Prop. REIT is a Strong Buy with an average price target of C$45.08.
Based on Allied Prop. REIT’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$84.7 million. In comparison, last year the company had a net profit of C$113 million.
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.
