Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$13.34 Consensus PT from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$13.34.

Several research analysts have recently commented on the company. National Bank Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$14.00 to C$13.00 in a report on Monday, December 1st. Scotiabank cut their price target on shares of Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a report on Thursday, February 19th. TD Securities decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and reduced their target price for the stock from C$14.75 to C$14.00 in a report on Tuesday, December 2nd. Finally, Desjardins upgraded Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and dropped their price target for the company from C$12.50 to C$9.50 in a research report on Friday, February 13th.

Allied Properties Real Estate Investment Trust Stock Up 0.2%

AP.UN opened at C$9.32 on Thursday. The stock has a market cap of C$1.30 billion, a PE ratio of -0.98 and a beta of 1.65. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a 52 week low of C$9.10 and a 52 week high of C$22.27. The business’s fifty day simple moving average is C$12.56 and its 200 day simple moving average is C$15.39.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported C($7.93) earnings per share for the quarter. The firm had revenue of C$148.77 million during the quarter. Allied Properties Real Estate Investment Trust had a negative return on equity of 8.01% and a negative net margin of 89.93%. As a group, research analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada.