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

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

Several research analysts have recently weighed in on the stock. Scotiabank decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a report on Thursday, February 19th. Canaccord Genuity Group cut their target price 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. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and decreased 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 dropped their price target 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 research note on Friday, October 31st. Finally, TD Securities cut their price objective on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating for the company in a report on Thursday, February 19th.

Allied Properties Real Estate Investment Trust Trading Down 1.8%

Shares of TSE:AP.UN opened at C$9.34 on Thursday. The company has a market cap of C$1.31 billion, a P/E ratio of -0.98 and a beta of 1.65. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 1 year low of C$9.10 and a 1 year high of C$22.27. The stock’s fifty day moving average price is C$12.94 and its 200-day moving average price is C$15.68.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) EPS for the quarter. The business had revenue of C$148.77 million during 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%. Sell-side analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current 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.