Desjardins Keeps a Buy Rating on Allied Prop. REIT (AP.UN)


On February 14, an analyst has provided a rating update for Allied Prop. REIT (AP.UN). Analyst Michael Markidis from Desjardins rated Allied Prop. REIT (AP.UN) a Buy on February 14, setting a C$51 price target.

Markidis has an average return of 7.4% when recommending Allied Prop. REIT.

According to TipRanks.com, Markidis is ranked #361 out of 5176 analysts.

Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$50.17, which is a 5.3% upside from current levels. In a report issued on February 11, BMO Capital also reiterated a Buy rating on the stock with a C$50 price target.

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The company has a one-year high of C$48.07 and a one-year low of C$39.18. Currently, Allied Prop. REIT has an average volume of 191.8K.

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$47.66, close to its 52-week high of C$48.07.

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