Allied Prop. REIT (AP.UN) has received a rating update from a Wall Street analyst today. Analyst Jonathan Kelcher from TD Securities remains bullish on the stock and has a C$49 price target.
Kelcher has an average return of 8.3% when recommending Allied Prop. REIT.
According to TipRanks.com, Kelcher is ranked #966 out of 4912 analysts.
Allied Prop. REIT has an analyst consensus of Strong Buy, with a price target consensus of C$47.10, representing a 7.4% upside. 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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The company has a one-year high of C$45.57 and a one-year low of C$38.71. Currently, Allied Prop. REIT has an average volume of 173.7K.
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$43.85.
