Raymond James Financial Weighs in on Allied Properties Real Estate Investment’s FY2017 Earnings (AP)
Allied Properties Real Estate Investment (TSE:AP) – Research analysts at Raymond James Financial lowered their FY2017 EPS estimates for Allied Properties Real Estate Investment in a report released on Thursday. Raymond James Financial analyst K. Avalos now expects that the company will earn $2.19 per share for the year, down from their prior forecast of $2.21. Raymond James Financial also issued estimates for Allied Properties Real Estate Investment’s Q4 2017 earnings at $0.56 EPS.
Separately, National Bank Financial upgraded shares of Allied Properties Real Estate Investment from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Thursday, May 4th.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be issued a dividend of $0.127 per share. This represents a $1.52 annualized dividend and a yield of Infinity. The ex-dividend date is Thursday, July 27th.
Allied Properties Real Estate Investment Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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