Brokerages Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT at C$12.33

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$12.33.

A number of equities analysts recently issued reports on AP.UN shares. Desjardins increased their price target on shares of Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the stock a “hold” rating in a research note on Friday, May 1st. Raymond James Financial cut their price objective on Allied Properties Real Estate Investment Trust from C$10.00 to C$9.50 and set a “market perform” rating on the stock in a research report on Friday, May 1st. National Bank Financial reduced their target price on Allied Properties Real Estate Investment Trust from C$10.75 to C$10.50 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Finally, ATB Cormark Capital Markets set a C$11.00 target price on Allied Properties Real Estate Investment Trust and gave the stock a “sector perform” rating in a research report on Thursday, May 21st.

Allied Properties Real Estate Investment Trust Stock Down 2.7%

Shares of Allied Properties Real Estate Investment Trust stock opened at C$9.82 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a 12-month low of C$8.74 and a 12-month high of C$22.27. The company has a market cap of C$1.92 billion, a P/E ratio of -0.78 and a beta of 1.00. The company’s fifty day simple moving average is C$10.09 and its two-hundred day simple moving average is C$10.51.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) EPS for the quarter. The company had revenue of C$140.51 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%. Research analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current year.

Allied Properties Real Estate Investment Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 7.3%. Allied Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is currently -9.28%.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.