Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Hold” by Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$12.50.

Several research analysts recently issued reports on the company. Raymond James Financial dropped their price objective on Allied Properties Real Estate Investment Trust from C$10.00 to C$9.50 and set a “market perform” rating on the stock in a research note on Friday, May 1st. National Bank Financial dropped their price objective on Allied Properties Real Estate Investment Trust from C$10.75 to C$10.50 and set a “sector perform” rating on the stock in a research note on Friday, May 1st. TD Securities dropped their price objective 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 research note on Thursday, February 19th. Desjardins increased their price objective on Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the stock a “hold” rating in a research note on Friday, May 1st. Finally, Scotiabank dropped their price objective 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 Price Performance

Shares of TSE:AP.UN opened at C$9.60 on Tuesday. Allied Properties Real Estate Investment Trust has a 52-week low of C$8.74 and a 52-week high of C$22.27. The stock has a market cap of C$1.88 billion, a P/E ratio of -1.01 and a beta of 0.86. The business’s 50 day moving average is C$9.69 and its 200 day moving average is C$11.82. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported C($1.15) earnings per share (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 firm had revenue of C$143.93 million during the quarter. Sell-side analysts predict 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 is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.