Allied Properties Real Estate Investment (AP) to Post FY2017 Earnings of $2.17 Per Share, National Bank Financial Forecasts
Allied Properties Real Estate Investment (TSE:AP) – Analysts at National Bank Financial dropped their FY2017 earnings per share estimates for Allied Properties Real Estate Investment in a research note issued to investors on Monday. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings per share of $2.17 for the year, down from their prior estimate of $2.19.
Separately, Desjardins reaffirmed a “buy” rating on shares of Allied Properties Real Estate Investment in a research note on Thursday, August 17th.
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The business also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.127 per share. This represents a $1.52 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend was Thursday, September 28th.
About Allied Properties Real Estate Investment
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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