Desjardins Has Negative Outlook of TSE:AP FY2025 Earnings

Allied Properties Real Estate Investment Trust (TSE:AP) – Equities research analysts at Desjardins lowered their FY2025 EPS estimates for Allied Properties Real Estate Investment Trust in a report released on Thursday, October 30th. Desjardins analyst L. Kalmar now expects that the company will post earnings of $1.95 per share for the year, down from their prior forecast of $2.06. Desjardins has a “Strong Sell” rating on the stock. Desjardins also issued estimates for Allied Properties Real Estate Investment Trust’s FY2026 earnings at $1.89 EPS and FY2027 earnings at $1.92 EPS.

Several other brokerages have also issued reports on AP. Canaccord Genuity Group raised Allied Properties Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 15th. TD Securities lowered shares of Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Raymond James Financial downgraded Allied Properties Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust currently has a consensus rating of “Hold”.

Allied Properties Real Estate Investment Trust Stock Performance

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.