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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$15.28.

AP.UN has been the subject of several recent research reports. Desjardins lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.50 and set a “sell” rating for the company in a research note on Friday, October 31st. Royal Bank Of Canada decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from C$14.75 to C$14.00 in a research report on Tuesday, December 2nd. CIBC dropped their price objective on shares of 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 note on Monday, November 3rd. Finally, National Bankshares upgraded 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.

Allied Properties Real Estate Investment Trust Trading Up 0.2%

Shares of TSE AP.UN opened at C$13.17 on Friday. 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’s 50 day moving average price is C$14.81 and its two-hundred day moving average price is C$17.14. Allied Properties Real Estate Investment Trust has a 52-week low of C$12.35 and a 52-week high of C$22.27. The stock has a market capitalization of C$1.84 billion, a P/E ratio of -3.21 and a beta of 1.63.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported C($0.81) earnings per share for the quarter. The firm had revenue of C$147.93 million during 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%. On average, analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share 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.