Scotiabank Has Lowered Expectations for Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target dropped by analysts at Scotiabank from C$18.00 to C$15.75 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 22.28% from the company’s previous close.

A number of other research analysts have also weighed in on AP.UN. Raymond James Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from C$14.75 to C$14.00 in a research report on Tuesday. Canaccord Genuity Group reduced their price target on Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating for the company in a report on Friday, October 31st. Royal Bank Of Canada dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Desjardins reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.50 and set a “sell” rating for the company in a research note on Friday, October 31st. Finally, National Bankshares raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and decreased their target price for the stock from C$14.00 to C$13.00 in a report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$15.47.

Allied Properties Real Estate Investment Trust Stock Down 0.3%

Shares of Allied Properties Real Estate Investment Trust stock opened at C$12.88 on Thursday. Allied Properties Real Estate Investment Trust has a 1 year low of C$12.35 and a 1 year high of C$22.27. The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of -3.14 and a beta of 1.63. The company has a 50-day moving average of C$16.30 and a 200 day moving average of C$17.30. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported C($0.81) EPS for 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%.The business had revenue of C$147.93 million for the quarter. As a group, sell-side analysts anticipate 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.