Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Gets Price Target Trim from Scotia

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price trimmed by Scotia from C$9.00 to C$5.50 in a research note released on Friday morning,BayStreet reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of TSE AP.UN opened at C$4.03 on Friday. 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 1 year low of C$3.62 and a 1 year high of C$14.80. The stock has a market cap of C$788.93 million, a PE ratio of -0.34 and a beta of 0.96. The firm has a fifty day moving average price of C$7.09 and a 200-day moving average price of C$9.56.

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

Trending Headlines about Allied Properties Real Estate Investment Trust

Here are the key news stories impacting Allied Properties Real Estate Investment Trust this week:

• Positive Sentiment: National Bank Financial upgraded Allied Properties from “sector perform” to “outperform,” citing potential upside to a C$5.25 target. However, the target was reduced from C$5.50. National Bank Financial analyst rating
• Neutral Sentiment: The REIT reported quarterly revenue of C$138.12 million and earnings per share of C$0.13. While the results provide ongoing operating visibility, Allied posted a negative 8.01% return on equity and a negative 89.93% net margin, highlighting significant profitability challenges. Allied Properties quarterly earnings
• Negative Sentiment: Raymond James cut its price target from C$7.50 to C$5.00 and assigned a “market perform” rating, signaling more limited near-term upside expectations. Raymond James analyst rating
• Negative Sentiment: TD reduced its target from C$6.50 to C$4.75 and maintained a “hold” rating. TD analyst rating
• Negative Sentiment: Desjardins lowered its target from C$9.75 to C$5.00 and kept a “hold” rating, while Scotia cut its target from C$9.00 to C$5.50 and maintained “sector perform.” The coordinated reductions suggest analysts are reassessing Allied’s earnings outlook and real-estate valuation. Desjardins analyst rating

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.