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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$15.28.

AP.UN has been the topic of several recent research reports. Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.75 and set a “sector perform” rating on the stock in a report on Thursday, December 4th. CIBC dropped their price target 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. Desjardins cut their price objective 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 report on Friday, October 31st. Royal Bank Of Canada lowered their target price on shares of 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 report on Friday, October 31st. Finally, National Bankshares raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and cut their price target for the stock from C$14.00 to C$13.00 in a report on Monday, December 1st.

Allied Properties Real Estate Investment Trust Stock Performance

TSE:AP.UN opened at C$14.31 on Wednesday. The company has a market capitalization of C$2.00 billion, a P/E ratio of -3.49 and a beta of 1.76. The business has a fifty day simple moving average of C$13.42 and a two-hundred day simple moving average of C$16.78. 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 has a 1 year low of C$12.35 and a 1 year high of C$22.27.

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) 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$147.93 million for the quarter. On average, analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Company Profile

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.