Reasons for Philippe Benacin’s Shares Unload of Inter Parfums, Inc. (IPAR)’s Stock; Allied Properties Real Estate Investment Trust (TSE:AP.UN) Covered By 4 Bullish Analysts Last Week

Allied Properties Real Estate Investment Trust (TSE:AP.UN) Logo

Among 5 analysts covering Allied Properties REIT (TSE:AP.UN), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Allied Properties REIT had 32 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Scotia Capital with “Outperform” on Monday, February 27. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, December 20. BMO Capital Markets maintained it with “Market Perform” rating and $41 target in Thursday, August 24 report. Desjardins Securities maintained the stock with “Buy” rating in Monday, August 22 report. On Wednesday, January 18 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was maintained by BMO Capital Markets on Wednesday, August 24 with “Market Perform”. The stock has “Outperform” rating by Scotia Capital on Thursday, December 8. The rating was maintained by Raymond James with “Outperform” on Tuesday, January 31. The stock of Allied Properties Real Estate Investment Trust (TSE:AP.UN) earned “Outperform” rating by Scotia Capital on Wednesday, November 2. TD Securities maintained it with “Buy” rating and $43 target in Monday, August 22 report. See Allied Properties Real Estate Investment Trust (TSE:AP.UN) latest ratings:

Allied Properties Real Estate Investment Trust operates as an unincorporated closed-end real estate investment trust in Canada. The company has market cap of $3.86 billion. The company, through its subsidiaries, provides Class I office space in the urban areas of Toronto, Montreal, Winnipeg, Quebec City, and Kitchener. It has a 10.21 P/E ratio. It also provides property management and related services.

The stock increased 0.07% or $0.03 during the last trading session, reaching $41.54. About 160,245 shares traded or 15.18% up from the average. Allied Properties Real Estate Investment Trust (TSE:AP.UN) has 0.00% since April 21, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.30, from 1.38 in 2017Q3. It worsened, as 9 investors sold Inter Parfums, Inc. shares while 52 reduced holdings. 31 funds opened positions while 35 raised stakes. 16.77 million shares or 0.46% less from 16.85 million shares in 2017Q3 were reported. 35,770 are owned by Piermont Mgmt. Parametric Portfolio Assoc Lc holds 0% or 52,131 shares in its portfolio. Moreover, Sei Invs has 0% invested in Inter Parfums, Inc. (NASDAQ:IPAR) for 2,666 shares. Rice Hall James Assocs Ltd stated it has 53,009 shares or 0.09% of all its holdings. Smith Asset Mgmt Group L P stated it has 15,700 shares. Fincl Bank Of Ny Mellon stated it has 0.01% in Inter Parfums, Inc. (NASDAQ:IPAR). Fortaleza Asset Management Inc invested in 1.3% or 4,765 shares. Vanguard Group Inc Inc stated it has 0% in Inter Parfums, Inc. (NASDAQ:IPAR). Fmr Ltd Liability Corporation, Massachusetts-based fund reported 487,500 shares. Prudential Fincl stated it has 0% in Inter Parfums, Inc. (NASDAQ:IPAR). Moreover, Kbc Gru Nv has 0.01% invested in Inter Parfums, Inc. (NASDAQ:IPAR) for 22,037 shares. Blackrock Incorporated accumulated 0.01% or 2.77M shares. Moreover, Comml Bank Of Montreal Can has 0% invested in Inter Parfums, Inc. (NASDAQ:IPAR) for 3,520 shares. 28,818 were accumulated by Zacks Inv Management. 16,300 were reported by Zebra Cap Mngmt Lc.

Among 7 analysts covering Inter Parfums (NASDAQ:IPAR), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Inter Parfums has $56.0 highest and $33 lowest target. $45.33’s average target is -4.27% below currents $47.35 stock price. Inter Parfums had 21 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by B. Riley & Co on Tuesday, July 26 to “Buy”. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, December 4. Zacks upgraded Inter Parfums, Inc. (NASDAQ:IPAR) on Wednesday, August 5 to “Sell” rating. B. Riley & Co downgraded the shares of IPAR in report on Tuesday, April 19 to “Neutral” rating. The stock of Inter Parfums, Inc. (NASDAQ:IPAR) earned “Neutral” rating by Sidoti on Thursday, November 2. The rating was downgraded by Sidoti to “Neutral” on Tuesday, March 22. The stock of Inter Parfums, Inc. (NASDAQ:IPAR) earned “Buy” rating by Sidoti on Tuesday, June 28. On Tuesday, September 12 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock has “Buy” rating by Citigroup on Tuesday, March 15. KeyBanc Capital Markets maintained Inter Parfums, Inc. (NASDAQ:IPAR) on Monday, October 16 with “Buy” rating.

Since December 13, 2017, it had 0 insider buys, and 7 insider sales for $1.97 million activity. GARCIA PELAYO FREDERIC had sold 1,200 shares worth $54,120 on Friday, December 15. 2,405 shares were sold by GREENBERG RUSSELL, worth $115,440 on Wednesday, January 17. The insider BENACIN PHILIPPE sold 19,000 shares worth $835,520. The insider MADAR JEAN sold 8,200 shares worth $360,785. $26,317 worth of stock was sold by SANTI PHILIPPE on Thursday, December 14.

Inter Parfums, Inc., together with its subsidiaries, makes, markets, and distributes a range of fragrances and fragrance related products. The company has market cap of $1.48 billion. The firm operates in two divisions, European Based Operations and United States Based Operations. It has a 35.6 P/E ratio. It offers its fragrance and cosmetic products under the Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.

Philippe Benacin, the President Interparfums SA of Inter Parfums Inc made insider trade for 27,953 shares with an average price per share of $47.8 in the New York-based company, that are with a grand total value of $1,337,356 U.S. Dollars. Now, Philippe Benacin owns 6.87 million shares which are roughly 21.98% of Inter Parfums Inc’s market capitalization (total value of the shares outstanding).

Inter Parfums, Inc. (NASDAQ:IPAR) Institutional Positions Chart