BMO Capital Believes Allied Prop. REIT (TSX: AP.UN) Won’t Stop Here

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Allied Prop. REIT (AP.UNResearch Report). Yesterday, analyst Jenny Ma gave a Buy rating to AP.UN and set a C$50 price target.

Ma has an average return of 14.0% when recommending Allied Prop. REIT.

According to TipRanks.com, Ma is ranked #703 out of 5146 analysts.

Currently, the analyst consensus on Allied Prop. REIT is a Moderate Buy with an average price target of C$48.75.

The company has a one-year high of C$48.05 and a one-year low of C$39.18. Currently, Allied Prop. REIT has an average volume of 189.3K.

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 Monday at C$48.02, close to its 52-week high of C$48.05.