Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) have received an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$12.33.
A number of research analysts have recently commented on the company. Raymond James Financial lowered their price target 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. National Bank Financial reduced their price objective on shares of 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 report on Friday, May 1st. ATB Cormark Capital Markets set a C$11.00 target price on shares of Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Finally, Desjardins raised their target price on shares of 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.
Read Our Latest Research Report on AP.UN
Allied Properties Real Estate Investment Trust Stock Up 4.3%
Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported C($1.15) 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 business had revenue of C$143.93 million for the quarter. As a group, research analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.
Allied Properties Real Estate Investment Trust Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a $0.06 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.9%. Allied Properties Real Estate Investment Trust’s dividend payout ratio (DPR) 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.
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