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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$12.33.

AP.UN has been the subject of a number of research reports. National Bank Financial decreased 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 report on Friday, May 1st. Desjardins lifted their price objective on shares of Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the stock a “hold” rating in a 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 stock a “sector perform” rating in a report on Thursday, May 21st. Finally, Raymond James Financial decreased their price objective 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 report on Friday, May 1st.

Allied Properties Real Estate Investment Trust Stock Down 2.1%

AP.UN stock opened at C$9.85 on Wednesday. Allied Properties Real Estate Investment Trust has a twelve month low of C$8.74 and a twelve month high of C$22.27. 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 company has a market capitalization of C$1.93 billion, a P/E ratio of -1.04 and a beta of 0.99. The firm has a 50 day simple moving average of C$10.01 and a 200-day simple moving average of C$11.01.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported C($1.15) EPS for the quarter. The business had revenue of C$143.93 million during 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%. On average, equities research analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

Allied Properties Real Estate Investment Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Friday, May 29th. Allied Properties Real Estate Investment Trust’s payout ratio is currently -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.