Investment analysts at CIBC increased their target price on shares of Allied Properties Reit (TSE: AP.UN)
Several other analysts have also recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Allied Properties Reit from $34.00 to $35.50 in a research note to investors on Monday. They now have an ?outperform? rating on the stock. Analysts at TD Securities downgraded shares of Allied Properties Reit from a ?buy? rating to a ?hold? rating in a research note to investors on Friday, January 25th. They now have a $36.00 price target on the stock, up previously from $35.00. Allied Properties Real Estate Investment Trust (the REIT) is a closed-end real estate investment trust that owns, manages and develops urban office environments for business tenants operating in Canada.