TD Securities Cuts Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$14.50

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target reduced by TD Securities from C$16.00 to C$14.50 in a report published on Friday,BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. Scotiabank cut their price target on 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 lowered 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 research report on Friday, October 31st. National Bankshares upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and dropped their price target for the stock from C$14.00 to C$13.00 in a research note on Monday, December 1st. Raymond James Financial upgraded shares of 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 note on Tuesday, December 2nd. Finally, Desjardins decreased their target price 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 report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and a consensus price target of C$15.28.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of Allied Properties Real Estate Investment Trust stock opened at C$13.22 on Friday. 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 firm has a market capitalization of C$1.85 billion, a P/E ratio of -3.22 and a beta of 1.63. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The business has a fifty day simple moving average of C$15.49 and a two-hundred day simple moving average of C$17.25.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported C($0.81) earnings per share 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 during the quarter. On average, equities analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

About Allied Properties Real Estate Investment Trust

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.