Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$13.34 Average Target Price from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$13.34.

A number of analysts have recently weighed in on AP.UN shares. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and reduced their target price for the stock from C$14.00 to C$13.00 in a report on Monday, December 1st. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and dropped their price target for the stock from C$14.75 to C$14.00 in a research report on Tuesday, December 2nd. TD Securities reduced their price objective on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Desjardins upgraded Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and decreased their price objective for the company from C$12.50 to C$9.50 in a research report on Friday, February 13th. Finally, Scotiabank lowered their price objective on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research note on Thursday, February 19th.

Allied Properties Real Estate Investment Trust Stock Up 0.5%

TSE AP.UN opened at C$9.19 on Monday. The stock has a 50 day moving average price of C$11.19 and a 200-day moving average price of C$14.41. Allied Properties Real Estate Investment Trust has a one year low of C$8.74 and a one year high of C$22.27. The company has a market capitalization of C$1.80 billion, a P/E ratio of -0.97 and a beta of 0.90. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly 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, equities analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current fiscal 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.