Royal Bank of Canada Raises Properties Investment

Allied Properties Real Estate Investment had its price objective lifted by equities research analysts at Royal Bank of Canada from C$51.00 to C$52.00 in a research report issued to clients and investors. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price suggests a potential upside of 7.88% from the company’s current price.