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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$13.34.

A number of research analysts recently issued reports on the company. Desjardins upgraded Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and dropped their price target for the stock from C$12.50 to C$9.50 in a research note on Friday, February 13th. Scotiabank reduced 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. TD Securities decreased 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. National Bank Financial 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 stock from C$14.00 to C$13.00 in a research report on Monday, December 1st. Finally, Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and cut their target price for the company from C$14.75 to C$14.00 in a report on Tuesday, December 2nd.

Allied Properties Real Estate Investment Trust Stock Performance

TSE AP.UN opened at C$9.20 on Monday. The company has a fifty day moving average of C$11.50 and a two-hundred day moving average of C$14.59. The company has a market capitalization of C$1.80 billion, a PE ratio of -0.97 and a beta of 0.90. Allied Properties Real Estate Investment Trust has a 1 year low of C$8.74 and a 1 year high of C$22.27. 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 (TSE:AP.UN) last posted its earnings results on Tuesday, February 10th. The real estate investment trust reported C($7.93) EPS for 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%.The firm had revenue of C$148.77 million for the quarter. As a group, 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.