Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$13.34

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

A number of equities research analysts have recently commented on the stock. Desjardins upgraded shares of Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and cut their price target for the company from C$12.50 to C$9.50 in a report on Friday, February 13th. TD Securities cut their price target on shares of Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Finally, Scotiabank cut their price target on shares of Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a report on Thursday, February 19th.

Allied Properties Real Estate Investment Trust Stock Performance

TSE:AP.UN opened at C$10.92 on Friday. The company’s 50 day moving average price is C$9.70 and its 200-day moving average price is C$13.06. Allied Properties Real Estate Investment Trust has a 52 week low of C$8.74 and a 52 week 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 stock has a market cap of C$2.14 billion, a price-to-earnings ratio of -1.15 and a beta of 0.78.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its quarterly 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 net margin of 89.93% and a negative return on equity of 8.01%. The firm had revenue of C$148.77 million for 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 fiscal year.

Allied Properties Real Estate Investment Trust Company Profile

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.