Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$12.50 Consensus Target Price from Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$12.50.

A number of analysts recently commented on AP.UN shares. National Bank Financial decreased their price target on 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 research report on Friday, May 1st. Scotiabank decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a report on Thursday, February 19th. Raymond James Financial decreased 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 for the company in a report on Friday, May 1st. TD Securities decreased their price objective 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 report on Thursday, February 19th. Finally, Desjardins raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the stock a “hold” rating in a report on Friday, May 1st.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN opened at C$9.60 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$1.88 billion, a price-to-earnings ratio of -1.01 and a beta of 0.86. The stock has a 50 day moving average of C$9.69 and a 200 day moving average of C$11.93. Allied Properties Real Estate Investment Trust has a 12 month low of C$8.74 and a 12 month high of C$22.27.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported C($1.15) EPS for the quarter. The business had revenue of C$143.93 million for the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%. As a group, sell-side analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current 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.