Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given a C$11.00 Price Target at ATB Cormark Capital Markets

Allied Properties Real Estate Investment Trust (TSE:AP.UN) received a C$11.00 price target from research analysts at ATB Cormark Capital Markets in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 8.48% from the company’s current price.

Several other research analysts also recently commented on the company. Raymond James Financial cut their target price on Allied Properties Real Estate Investment Trust from C$10.00 to C$9.50 and set a “market perform” rating on the stock in a report on Friday, May 1st. TD Securities cut their target price on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Desjardins lifted their target price on 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. National Bank Financial cut their target price on Allied Properties Real Estate Investment Trust from C$10.75 to C$10.50 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Finally, Scotiabank cut their target price on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$12.33.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE AP.UN traded up C$0.12 during mid-day trading on Thursday, hitting C$10.14. 301,680 shares of the stock traded hands, compared to its average volume of 1,159,055. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a twelve month low of C$8.74 and a twelve month high of C$22.27. The company has a market cap of C$1.99 billion, a PE ratio of -1.07 and a beta of 0.86. The firm has a 50 day simple moving average of C$9.73 and a two-hundred day simple moving average of C$11.72.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported C($1.15) EPS for the quarter. The company 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%. As a group, equities research analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 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.