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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given an average rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$15.28.

Several research analysts have commented on AP.UN shares. National Bankshares upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$14.00 to C$13.00 in a report on Monday, December 1st. Royal Bank Of Canada lowered 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 for the company in a research note on Friday, October 31st. TD Securities reduced their price objective on 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, December 12th. CIBC decreased their price objective 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. Finally, Desjardins dropped their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$15.50 and set a “sell” rating for the company in a report on Friday, October 31st.

Allied Properties Real Estate Investment Trust Trading Down 0.8%

Shares of AP.UN stock opened at C$14.05 on Friday. The business has a 50-day moving average price of C$13.55 and a two-hundred day moving average price of C$16.46. Allied Properties Real Estate Investment Trust has a 12-month low of C$12.35 and a 12-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 firm has a market cap of C$1.96 billion, a P/E ratio of -3.42 and a beta of 1.76.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported C($0.81) EPS for the quarter. The firm had revenue of C$147.93 million 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%. Equities analysts anticipate 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.