Allied Properties Real Estate Investment Trust (TSE:AP.UN) Raised to “Outperform” at National Bank Financial

Allied Properties Real Estate Investment Trust (TSE:AP.UN) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Friday, BayStreet reports. The firm presently has a C$5.25 target price on the real estate investment trust’s stock, down from their prior target price of C$5.50. National Bank Financial‘s price objective points to a potential upside of 29.95% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. Desjardins reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$9.75 to C$5.00 and set a “hold” rating for the company in a research note on Friday. Raymond James Financial dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$7.50 to C$5.00 and set a “market perform” rating on the stock in a research note on Friday. Scotia cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$9.00 to C$5.50 and set a “sector perform” rating for the company in a report on Friday. Finally, TD reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$6.50 to C$4.75 and set a “hold” rating for the company in a research note on Friday. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$9.70.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN stock traded down C$0.28 on Friday, hitting C$4.04. 2,342,664 shares of the stock were exchanged, compared to its average volume of 1,023,537. The firm’s 50 day moving average is C$7.20 and its two-hundred day moving average is C$9.62. Allied Properties Real Estate Investment Trust has a one year low of C$3.62 and a one year high of C$14.80. The firm has a market capitalization of C$790.89 million, a PE ratio of -0.32 and a beta of 0.96. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported C$0.13 earnings per share (EPS) for the quarter. The business had revenue of C$138.12 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%. Sell-side analysts expect that Allied Properties Real Estate Investment Trust will post 1.84 earnings per share for the current fiscal year.

Allied Properties Real Estate Investment Trust Company Profile

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.