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

Allied Properties Real Estate Investment (TSE:AP.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid 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 yield of 10.53%. The ex-dividend date of this dividend is Monday, April 29th.

Allied Properties Real Estate Investment Trading Up 0.2 %

Allied Properties Real Estate Investment stock opened at C$17.10 on Friday. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12. The firm has a 50-day moving average of C$17.39 and a 200-day moving average of C$18.10. The company has a market cap of C$2.19 billion, a price-to-earnings ratio of -4.34 and a beta of 1.16. Allied Properties Real Estate Investment has a one year low of C$15.01 and a one year high of C$23.40.

Wall Street Analyst Weigh In

AP.UN has been the subject of a number of analyst reports. National Bankshares decreased their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Wednesday. CIBC cut their price target on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. Raymond James lowered their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a research note on Wednesday, March 13th. TD Securities cut their target price on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research note on Wednesday. Finally, Scotiabank reduced their price target on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating for the company in a report on Tuesday, March 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.