Insider Buying: Allied Properties Real Estate Investment (TSE:AP.UN) Senior Officer Acquires 4,000 Shares of Stock


Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) senior officer Thomas Gerard Burns bought 4,000 shares of the stock in a transaction that took place Tuesday, September 20th. The shares were purchased at an average price of $29.62 per share for a total value of $118,480.00. Upon completion of the acquisition, the insider now directly owns 89,091 shares of the company’s stock valued at $2,638,875.42.

Allied Properties Real Estate Investment Stock down 2.3%

Shares of TSE AP.UN fell C$0.66 on Thursday afternoon to reach C$28.42. 331,413 shares of the Company were exchanged compared to an average volume of 231,482. The company has a gearing ratio of 56.99, a current ratio of 0.45 and a quick ratio of 0.17. Allied Properties Real Estate Investment has a 12-month low of $28.18 and a 12-month high of $48.89. The company has a market cap of CA$3.64 billion and a P/E of 6.70. The company’s 50-day simple moving average is $32.38 and the 200-day simple moving average is $37.60.

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Analyst upgrades and downgrades

A number of equity analysts recently commented on AP.UN stock. Scotiabank lowered its target price on Allied Properties Real Estate Investment to $46.00 from $47.25 in a report on Friday, July 29. BMO Capital Markets lowered its price target on Allied Properties Real Estate Investment from C$43.00 to C$42.00 in a research note on Friday, July 29. CIBC lowered its target price on Allied Properties Real Estate Investment to $43.00 from $47.50 and gave the company a “Outperform” research note rating on Friday, July 29. Finally, Raymond James lowered his price target on Allied Properties Real Estate Investment to $45.00 from $52.00 and gave the company an outperform rating in a research note on Friday, July 29. One investment analyst has rated the stock as hold and eight have given a buy rating to the company. According to data from MarketBeat.com, Allied Properties Real Estate Investment currently has a consensus rating of Moderate Buy and a consensus price target of $47.78 CAD.

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About Real Estate Investments by Allied Properties

(get rating)

Allied is a leading owner, manager and developer of (i) distinctive urban workspaces in Canada’s major cities and (ii) network-dense urban data centers in Toronto, forming Canada’s global connectivity hub. Allied’s business provides knowledge-based organizations with distinctive urban environments for creativity and connectivity.

Further reading

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