Allied Properties Real Estate Investment Trust (TSE:AP.UN) Upgraded at National Bankshares

National Bankshares upgraded shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) from an underperform rating to a sector perform rating in a research report released on Monday morning,BayStreet.CA reports. National Bankshares currently has C$13.00 price objective on the real estate investment trust’s stock, down from their previous price objective of C$14.00.

Other equities analysts have also issued research reports about the company. CIBC dropped their target price 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 report on Monday, November 3rd. Raymond James Financial dropped their price objective on Allied Properties Real Estate Investment Trust from C$18.75 to C$14.75 in a report on Friday, October 31st. TD Securities cut Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$20.00 to C$16.00 in a research note on Friday, October 31st. 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 report on Friday, October 31st. Finally, Royal Bank Of Canada dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$15.88.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust stock opened at C$13.04 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a 52-week low of C$12.35 and a 52-week high of C$22.27. The firm has a market cap of C$1.82 billion, a PE ratio of -3.18 and a beta of 1.64. The company’s 50 day moving average is C$16.63 and its two-hundred day moving average is C$17.35.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its quarterly 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 return on equity of 8.01% and a negative net margin of 89.93%.The firm had revenue of C$147.93 million during the quarter. On average, research analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS 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.