Insider Information: Senior Officer Allied Properties Real Estate Investment (TSE:AP.UN) Receives 4,000 Shares

Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) Senior Officer Thomas Gerard Burns purchased 4,000 shares of the stock in a transaction that took place on Tuesday, September 20. Shares were purchased at an average of C$29.62 per share and a total value of C$118,480.00. Upon completion of the acquisition, the insider directly owns 89,091 shares in the company valued at C$2,638,875.42.

Allied Properties Real Estate Investment Stock Dropped 2.3%

TSE AP.UN shares fell C$0.66 to C$28.42 in mid-day trading on Thursday. 331,413 shares of the company’s shares were exchanged against an average of 231.482 shares. The company’s debt/equity ratio is 56.99, current ratio is 0.45 and quick ratio is 0.17. Allied Properties Real Estate Investment has a twelve-month low of C$28.18 and a twelve-month high of C$48.89. The company has a market capitalization of C$3.64 billion and a PE ratio of 6.70. The firm’s fifty-day simple moving average is C$32.38 and its 200-day simple moving average is C$37.60.

Analyst Upgrades and Downgrades

A number of stock analysts have commented on AP.UN shares recently. In a report released Friday, July 29, Scotiabank lowered its Allied Properties Real Estate Investment target price from C$47.25 to C$46.00. BMO Capital Markets lowered its Allied Real Estate Investment price target from C$43.00 to C$42.00 in a research note Friday, July 29. In a research note Friday, July 29, CIBC lowered its price target for Allied Properties Real Estate Investment from C$47.50 to C$43.00 and assigned a “outperforming” rating for the company. Finally, Raymond James lowered his price target at Allied Properties Real Estate Investment from C$52.00 to C$45.00 and set a “outperforming” rating for the company in a research note Friday, July 29. An investment analyst rated the stock by its holding rating, and eight gave the company a buy rating. According to data from MarketBeat.com, Allied Properties Real Estate Investment currently has a “Medium Buy” joint rating and a consensus price target of C$47.78.

About Allied Properties Real Estate Investment

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Allied is the leading owner, manager and developer of (i) diverse urban workspaces in major Canadian cities and (ii) network-dense urban data centers in Toronto that form Canada’s global connectivity hub. Allied’s job is to provide knowledge-based organizations with diverse urban environments for creativity and connectivity.

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