TD Securities Has Lowered Expectations for Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price reduced by analysts at TD Securities from C$14.50 to C$10.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. TD Securities’ target price indicates a potential upside of 3.84% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Canaccord Genuity Group cut 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 report on Friday, October 31st. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and cut their price target for the company from C$14.75 to C$14.00 in a research note on Tuesday, December 2nd. Canadian Imperial Bank of Commerce reduced their price target 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 research report on Monday, November 3rd. Royal Bank Of Canada lowered their price objective 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, Scotiabank cut their target price 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 research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$13.34.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of TSE AP.UN opened at C$9.63 on Thursday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The stock’s fifty day moving average price is C$13.15 and its two-hundred day moving average price is C$15.85. Allied Properties Real Estate Investment Trust has a one year low of C$9.10 and a one year high of C$22.27. The firm has a market cap of C$1.35 billion, a price-to-earnings ratio of -1.01 and a beta of 1.65.

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) earnings per share 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. On average, equities analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS 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.