Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst Matt Kornack from National Bank rated Allied Prop. REIT (TSX: AP.UN) a Buy, setting a C$47 price target.
According to TipRanks.com, Kornack is ranked #3598 out of 4883 analysts.
Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$45.85.
Based on Allied Prop. REIT’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$114 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 Wednesday at C$43.50.
