Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) Senior executive Hugh Fletcher Clark acquired 7,000 shares of the company in a transaction on Thursday, June 16. The shares were purchased at an average cost of CA$33.64 per share, with a total value of CA$235,480.00. Following the acquisition, the insider now directly owns 27,415 shares of the company, valued at C$922,240.60.
Shares of TSE:AP.UN traded at C$0.76 during Friday’s session, reaching C$33.78. The company’s stock had a trading volume of 410,724 shares, compared to an average trading volume of 225,311 shares. The company has a current ratio of 0.89, a quick ratio of 0.13 and a debt ratio of 55.19. Allied Properties Real Estate Investment has a 12-month low of C$32.90 and a 12-month high of C$48.89. The company’s 50-day simple moving average is C$39.78 and its two-hundred-day simple moving average is C$42.85. The stock has a market capitalization of C$4.32 billion and a PE ratio of 7.80.
AP.UN has been the subject of several research reports. Canaccord Genuity Group downgraded Allied Properties Real Estate Investment shares to a “hold” rating and set a price target of C$48.00 for the company. in a report on Wednesday, April 6. Raymond James set a price target of CA$53.00 on shares of Allied Properties Real Estate Investment and gave the company an “outperform” rating in a Thursday, April 28 report. CIBC lowered its price target on Allied Properties Real Estate Investment shares from C$54.00 to C$50.00 and set an “outperform” rating for the company in a report released on Tuesday 17 may. Finally, TD Securities lowered its price target on Allied Properties Real Estate Investment shares from C$53.00 to C$52.00 and set a “buy” rating for the company in a report from the Friday, April 29. One analyst rated the stock with a hold rating and nine assigned the company a buy rating. According to data from MarketBeat.com, Allied Properties Real Estate Investment currently has a consensus rating of “Buy” and an average price target of C$50.90.
Allied Properties Real Estate Investment Company Profile (Get a rating)
Allied is a leading owner, manager and developer of (i) distinctive urban workspaces in major cities across Canada and (ii) densely networked urban data centers in Toronto that form Canada’s hub for global connectivity. Allied’s business provides knowledge-based organizations with distinctive urban environments for creativity and connectivity.
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