Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Rated “Hold” by Sell-Side Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$6.39.

Several equities research analysts recently issued reports on AP.UN shares. Scotia dropped their target price on shares of 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, October 30th. National Bank Financial raised Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from C$5.50 to C$5.25 in a report on Friday, October 30th. ATB Cormark Capital Markets raised Allied Properties Real Estate Investment Trust from a “sector perform” rating to a “speculative buy” rating and dropped their target price for the stock from C$11.00 to C$6.25 in a research report on Wednesday. Royal Bank Of Canada reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$10.00 to C$5.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, Desjardins dropped 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, October 30th.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE 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$14.76. The firm has a market cap of C$788.93 million, a P/E ratio of -0.34 and a beta of 0.75. The company has a 50 day moving average of C$6.68 and a 200 day moving average of C$9.36. 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 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. As a group, research analysts expect that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current fiscal year.

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.