On February 15, an analyst has provided a rating update for Allied Prop. REIT (AP.UN). Analyst Mario Saric from Scotiabank reiterated a Buy rating, with a C$51 price target on February 15.
Saric has an average return of 9.4% when recommending Allied Prop. REIT.
According to TipRanks.com, Saric is ranked #939 out of 5176 analysts.
Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$50, which is a 4.9% 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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Based on Allied Prop. REIT’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$137 million. In comparison, last year the company had a net profit of C$63.07 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 Friday at C$47.66, close to its 52-week high of C$48.07.
