Allied Properties Real Estate Investment Trust (TSE:AP.UN) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) from a sector perform rating to an outperform rating in a report released on Friday,BayStreet reports. The firm currently has C$5.25 price objective on the real estate investment trust’s stock, down from their previous price objective of C$5.50.

A number of other research analysts also recently issued reports on AP.UN. Scotia cut their price target on Allied Properties Real Estate Investment Trust from C$9.00 to C$5.50 and set a “sector perform” rating on the stock in a report on Friday. Raymond James Financial cut their target price on shares of Allied Properties Real Estate Investment Trust from C$7.50 to C$5.00 and set a “market perform” rating for the company in a report on Friday. Desjardins decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$9.75 to C$5.00 and set a “hold” rating on the stock in a report on Friday. Finally, TD reduced their price target on Allied Properties Real Estate Investment Trust from C$6.50 to C$4.75 and set a “hold” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$8.08.

Allied Properties Real Estate Investment Trust Trading Down 6.7%

Shares of AP.UN opened at C$4.03 on Friday. Allied Properties Real Estate Investment Trust has a twelve month low of C$3.62 and a twelve month high of C$14.80. The stock has a market capitalization of C$788.93 million, a P/E ratio of -0.34 and a beta of 0.96. 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 firm has a fifty day simple moving average of C$7.09 and a two-hundred day simple moving average of C$9.56.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported C$0.13 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$138.12 million for the quarter. On average, research analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current year.

Trending Headlines about Allied Properties Real Estate Investment Trust

Here are the key news stories impacting Allied Properties Real Estate Investment Trust this week:

• Positive Sentiment: National Bank Financial upgraded Allied Properties from “sector perform” to “outperform,” citing potential upside to a C$5.25 target. However, the target was reduced from C$5.50. National Bank Financial analyst rating
• Neutral Sentiment: The REIT reported quarterly revenue of C$138.12 million and earnings per share of C$0.13. While the results provide ongoing operating visibility, Allied posted a negative 8.01% return on equity and a negative 89.93% net margin, highlighting significant profitability challenges. Allied Properties quarterly earnings
• Negative Sentiment: Raymond James cut its price target from C$7.50 to C$5.00 and assigned a “market perform” rating, signaling more limited near-term upside expectations. Raymond James analyst rating
• Negative Sentiment: TD reduced its target from C$6.50 to C$4.75 and maintained a “hold” rating. TD analyst rating
• Negative Sentiment: Desjardins lowered its target from C$9.75 to C$5.00 and kept a “hold” rating, while Scotia cut its target from C$9.00 to C$5.50 and maintained “sector perform.” The coordinated reductions suggest analysts are reassessing Allied’s earnings outlook and real-estate valuation. Desjardins analyst rating

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.