Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of “Hold” from Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$15.28.

A number of brokerages have recently weighed in on AP.UN. Scotiabank lowered their price target on 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 report on Thursday, December 4th. National Bankshares upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and lowered their target price for the company from C$14.00 to C$13.00 in a research note on Monday, December 1st. Royal Bank Of Canada reduced 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 report on Friday, October 31st. Canaccord Genuity Group lowered 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 research report on Friday, October 31st. Finally, TD Securities dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating on the stock in a research note on Friday.

Allied Properties Real Estate Investment Trust Trading Up 1.4%

Shares of AP.UN opened at C$13.22 on Friday. 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 firm has a market capitalization of C$1.85 billion, a P/E ratio of -3.22 and a beta of 1.63. The stock’s fifty day simple moving average is C$15.49 and its 200 day simple moving average is C$17.23. Allied Properties Real Estate Investment Trust has a twelve month low of C$12.35 and a twelve month high of C$22.27.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported C($0.81) 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 during the quarter. On average, equities research analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share 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.