Allied Properties Real Estate Investment Trust T.AP.UN

#3 top pick bnn

[ScroogeMcDuck1]

Sustainable dividend and target price 20+. Shares popped 2% initially, Maybe this will help set a floor.

[nedstar71]

Had a bid in 1 cent off the ask just before the pick aired....was wondering why it took off.  I don't put much credence in what these BNN analysts say but it's good to know he thinks it's decent I guess.  These top picks are looked back on at some point and they're obviously making them thinking the sp will be higher a year out so they can look good.

[caretired1]

If you plan to hold for  a year or more, the extra quarter you have to pay wont matter, but the retailers watching bnn may drive the price a bit or a day or two

[nedstar71]

Agreed.  For me though that would have just been a top up, I already own a fairly large position.

[Possibleidiot01]

Allied Properties Real Estate Investment Trust (AP.UN TSX) Allied Properties is an office and retail landlord, best known for gentrifying the former industrial and warehouse corridor along King Street and Front Street in Toronto. More recently building the iconic The Well retail/office/residential complex nearby, but it also has six million square feet of space in Montreal and another three