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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$13.34.

Several research firms have recently commented on AP.UN. National Bank Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and cut 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 lowered their price objective for the company from C$14.75 to C$14.00 in a research report on Tuesday, December 2nd. TD Securities dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Scotiabank cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research report on Thursday, February 19th. Finally, Desjardins upgraded shares of Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and reduced their target price for the stock from C$12.50 to C$9.50 in a research note on Friday, February 13th.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN stock opened at C$9.20 on Monday. The stock’s 50-day moving average price is C$11.50 and its 200 day moving average price is C$14.59. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The stock has a market capitalization of C$1.80 billion, a PE ratio of -0.97 and a beta of 0.90. Allied Properties Real Estate Investment Trust has a 52-week low of C$8.74 and a 52-week high of C$22.27.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) 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 company had revenue of C$148.77 million for the quarter. As a group, equities research analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current 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. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada.