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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$12.33.

AP.UN has been the topic of several research analyst reports. Raymond James Financial lowered their price objective on shares of 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. Desjardins upped their target price on shares of Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the company a “hold” rating in a research note on Friday, May 1st. National Bank Financial reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$10.75 to C$10.50 and set a “sector perform” rating for the company in a report on Friday, May 1st. Finally, ATB Cormark Capital Markets set a C$11.00 price target on shares of Allied Properties Real Estate Investment Trust and gave the stock a “sector perform” rating in a research report on Thursday, May 21st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE:AP.UN opened at C$8.95 on Thursday. The company has a market cap of C$1.65 billion, a price-to-earnings ratio of -0.69 and a beta of 1.00. The business has a 50 day moving average price of C$9.88 and a 200 day moving average price of C$9.88. 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 has a twelve month low of C$8.74 and a twelve month high of C$22.27.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) 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$140.51 million during the quarter. Research analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. Allied Properties Real Estate Investment Trust’s dividend payout ratio is currently -9.07%.

About Allied Properties Real Estate Investment Trust

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.