Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$15.28.

Several research analysts have weighed in on the stock. CIBC dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Scotiabank dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.75 and set a “sector perform” rating on the stock in a research note on Thursday, December 4th. Canaccord Genuity Group reduced their price objective 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 research report on Friday, October 31st. TD Securities dropped their target price on Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating on the stock in a research report on Friday. Finally, Raymond James Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and cut their price target for the stock from C$14.75 to C$14.00 in a research note on Tuesday, December 2nd.

Allied Properties Real Estate Investment Trust Trading Up 1.4%

Shares of TSE AP.UN opened at C$13.22 on Friday. 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 12 month low of C$12.35 and a 12 month high of C$22.27. The company has a market cap of C$1.85 billion, a price-to-earnings ratio of -3.22 and a beta of 1.63. The business has a fifty day simple moving average of C$15.49 and a 200-day simple moving average of C$17.23.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported C($0.81) earnings per share (EPS) for the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%. The firm had revenue of C$147.93 million for the quarter. Sell-side analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current 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.