Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of “Hold” from Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$12.33.

Several equities analysts have recently commented on the company. National Bank Financial decreased 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 research report on Friday, May 1st. ATB Cormark Capital Markets set a C$11.00 price target on Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Thursday, May 21st. Raymond James Financial decreased their price objective 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. Finally, Desjardins raised their price target 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 research report on Friday, May 1st.

Allied Properties Real Estate Investment Trust Price Performance

TSE:AP.UN opened at C$10.39 on Wednesday. The firm’s fifty day moving average price is C$9.98 and its two-hundred day moving average price is C$10.91. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The company has a market cap of C$2.03 billion, a P/E ratio of -1.10 and a beta of 1.00. Allied Properties Real Estate Investment Trust has a one year low of C$8.74 and a one year high of C$22.27.

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%. Equities analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Friday, May 29th. Allied Properties Real Estate Investment Trust’s payout ratio is -15.19%.

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.