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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been given a consensus rating of “Hold” by the nine brokerages that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$12.33.

A number of equities research analysts have weighed in on AP.UN shares. Raymond James Financial dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$10.00 to C$9.50 and set a “market perform” rating for the company in a research report on Friday, May 1st. Scotiabank dropped their price target 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. Desjardins lifted their price target on shares of Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the company a “hold” rating in a research report on Friday, May 1st. ATB Cormark Capital Markets set a C$11.00 price objective on shares of Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Thursday, May 21st. Finally, National Bank Financial lowered their price objective on shares of Allied Properties Real Estate Investment Trust from C$10.75 to C$10.50 and set a “sector perform” rating for the company in a research note on Friday, May 1st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of AP.UN opened at C$10.05 on Friday. Allied Properties Real Estate Investment Trust has a 1-year low of C$8.74 and a 1-year high of C$22.27. The stock has a market cap of C$1.97 billion, a PE ratio of -1.06 and a beta of 0.99. The firm has a 50-day simple moving average of C$9.98 and a two-hundred day simple moving average of C$11.32. 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 announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported C($1.15) earnings per share 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 company had revenue of C$143.93 million for the quarter. As a group, analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current year.

Allied Properties Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.2%. Allied Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -15.19%.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.