Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Cut to C$10.00 by Analysts at TD Securities

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price decreased by equities research analysts at TD Securities from C$14.50 to C$10.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. TD Securities’ target price suggests a potential upside of 4.60% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada reduced their target price on 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 report on Friday, October 31st. Scotiabank lowered their target price 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. Desjardins raised shares of Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and reduced their price target for the stock from C$12.50 to C$9.50 in a research report on Friday, February 13th. Canaccord Genuity Group decreased their price target 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. Finally, Raymond James Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and dropped their price objective for the stock from C$14.75 to C$14.00 in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$13.34.

Allied Properties Real Estate Investment Trust Trading Down 2.8%

AP.UN stock traded down C$0.28 during midday trading on Thursday, reaching C$9.56. The stock had a trading volume of 1,382,393 shares, compared to its average volume of 1,418,590. The firm has a market cap of C$1.34 billion, a price-to-earnings ratio of -1.01 and a beta of 1.65. Allied Properties Real Estate Investment Trust has a twelve month low of C$9.10 and a twelve month high of C$22.27. 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 business has a fifty day simple moving average of C$13.29 and a two-hundred day simple moving average of C$15.94.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its earnings results on Tuesday, February 10th. The real estate investment trust reported C($7.93) 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$148.77 million for the quarter. As a group, 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. 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.