Allied Properties Real Estate Investment (TSE:AP.UN) Declares $0.15 Monthly Dividend

Allied Properties Real Estate Investment (TSE:AP.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.15 per share by the real estate investment trust on Wednesday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 10.53%. The ex-dividend date of this dividend is Monday, April 29th.

Allied Properties Real Estate Investment Stock Up 0.2 %

Shares of Allied Properties Real Estate Investment stock opened at C$17.10 on Friday. The firm’s 50 day moving average price is C$17.39 and its 200-day moving average price is C$18.09. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48. Allied Properties Real Estate Investment has a 52-week low of C$15.01 and a 52-week high of C$23.40. The company has a market cap of C$2.19 billion, a P/E ratio of -4.34 and a beta of 1.16.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Securities cut their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research report on Wednesday. Royal Bank of Canada cut their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. Canaccord Genuity Group cut their price objective on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating on the stock in a research report on Thursday, February 1st. CIBC cut their price objective on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research report on Wednesday, March 13th. Finally, Desjardins dropped their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating on the stock in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$20.22.

About Allied Properties Real Estate Investment

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.