Allied Properties Real Estate Investment Trust (TSE:AP.UN) Announces Earnings Results

Allied Properties Real Estate Investment Trust (TSE:AP.UN) released its earnings results on Wednesday. The real estate investment trust reported C($1.15) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$143.93 million 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%.

Allied Properties Real Estate Investment Trust Stock Down 3.1%

Shares of AP.UN opened at C$9.84 on Friday. The company has a 50-day simple moving average of C$9.65 and a 200-day simple moving average of C$12.54. The firm has a market capitalization of C$1.93 billion, a P/E ratio of -1.04 and a beta of 0.78. 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 has a 52 week low of C$8.74 and a 52 week high of C$22.27.

Analyst Upgrades and Downgrades

AP.UN has been the subject of a number of research analyst reports. Desjardins raised shares of Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and cut their target price for the stock from C$12.50 to C$9.50 in a research report on Friday, February 13th. TD Securities cut their target price on shares of Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Finally, Scotiabank cut their target price on shares of Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$13.34.

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.