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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$13.34.

AP.UN has been the topic of a number of research reports. Desjardins upgraded shares of Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and reduced their price target for the company from C$12.50 to C$9.50 in a report on Friday, February 13th. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and cut their price objective for the company from C$14.75 to C$14.00 in a research report on Tuesday, December 2nd. TD Securities reduced their target price on 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. National Bank Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and decreased their target price for the stock from C$14.00 to C$13.00 in a research report on Monday, December 1st. Finally, Scotiabank dropped their price target on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research note on Thursday, February 19th.

Allied Properties Real Estate Investment Trust Stock Performance

TSE:AP.UN opened at C$9.15 on Monday. The stock has a 50-day moving average price of C$10.98 and a 200 day moving average price of C$14.30. The stock has a market capitalization of C$1.79 billion, a P/E ratio of -0.96 and a beta of 0.90. Allied Properties Real Estate Investment Trust has a 12-month low of C$8.74 and a 12-month high of C$22.27. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71.

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 return on equity of 8.01% and a negative net margin of 89.93%.The business had revenue of C$148.77 million during the quarter. Equities research analysts forecast 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.