Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Average Rating of “Hold” by Analysts

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

Several research analysts have commented on AP.UN shares. Canaccord Genuity Group decreased their price objective on shares of 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. Scotiabank decreased 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 for the company in a research note on Thursday, December 4th. CIBC cut their price objective on 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 report on Monday, November 3rd. Desjardins reduced their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$15.50 and set a “sell” rating on the stock in a report on Friday, October 31st. Finally, Royal Bank Of Canada lowered their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st.

Allied Properties Real Estate Investment Trust Trading Down 0.8%

AP.UN opened at C$14.05 on Friday. Allied Properties Real Estate Investment Trust has a one year low of C$12.35 and a one year high of C$22.27. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The business has a 50 day simple moving average of C$13.55 and a two-hundred day simple moving average of C$16.46. The firm has a market capitalization of C$1.96 billion, a price-to-earnings ratio of -3.42 and a beta of 1.76.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its 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 business had revenue of C$147.93 million for the quarter. 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. 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.