Allied Properties Real Estate Investment Trust (TSE:AP.UN) to Issue Monthly Dividend of $0.06

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.06 per share by the real estate investment trust on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Friday, May 29th.

Allied Properties Real Estate Investment Trust Stock Performance

TSE AP.UN opened at C$10.09 on Wednesday. The firm has a market cap of C$1.98 billion, a price-to-earnings ratio of -1.06 and a beta of 0.86. The company has a 50 day moving average of C$9.81 and a 200-day moving average of C$11.60. 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 has a 1-year low of C$8.74 and a 1-year high of C$22.27.

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported C($1.15) earnings per share for the quarter. The firm 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%. On average, equities analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James Financial decreased 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. Scotiabank lowered their target price on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research note on Thursday, February 19th. ATB Cormark Capital Markets set a C$11.00 target price on Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Thursday, May 21st. Desjardins raised their target price on Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the company a “hold” rating in a research note on Friday, May 1st. Finally, National Bank Financial lowered their target price 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 note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$12.33.

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Allied Properties Real Estate Investment Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Allied Properties Real Estate Investment Trust (TSE:AP.UN)

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