Desjardins analyst Lorne Kalmar initiated coverage of Allied Properties Real Estate Investment Trust with a Buy rating and C$35 price target. The company’s "record-low valuation excessively discounts the headwinds facing the sector," Kalmar tells investors in a research note. The analyst says Allied’s shares offer a "rate opportunity to invest in a high-quality REIT at a bargain price."
Published first on TheFly
