Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$15.28 Consensus Target Price from Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$15.28.

AP.UN has been the subject of a number of analyst reports. Desjardins lowered their price objective on 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 report on Friday, October 31st. National Bankshares upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and lowered their price target for the stock from C$14.00 to C$13.00 in a report on Monday, December 1st. Scotiabank dropped their price target 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 research report on Thursday, December 4th. TD Securities decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating for the company in a research report on Friday, December 12th. Finally, Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from C$14.75 to C$14.00 in a research note on Tuesday, December 2nd.

Allied Properties Real Estate Investment Trust Trading Down 2.2%

Shares of TSE AP.UN opened at C$14.10 on Friday. The firm has a 50 day moving average price of C$13.64 and a two-hundred day moving average price of C$16.37. The stock has a market cap of C$1.97 billion, a P/E ratio of -3.44 and a beta of 1.65. 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 company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported C($0.81) earnings per share for the quarter. The company 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%. As a group, equities analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS 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.