Allied Prop. REIT (TSX: AP.UN) has received a rating update from a Wall Street analyst yesterday. Analyst Mario Saric from Scotiabank rated Allied Prop. REIT (TSX: AP.UN) a Buy, setting a C$47 price target.
Saric has an average return of 7.3% when recommending Allied Prop. REIT.
According to TipRanks.com, Saric is ranked #1561 out of 4895 analysts.
Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$46.61, implying a 10.2% upside from current levels. In a report issued on October 29, Raymond James also maintained a Buy rating on the stock with a C$48 price target.
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Allied Prop. REIT’s market cap is currently C$4.24B and has a P/E ratio of 10.7. The company has a Price to Book ratio of 1.07.
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$42.30.
