Allied Properties Real Estate Investment Trust (TSE:AP.UN) Releases Quarterly Earnings Results

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) announced its quarterly earnings data on Tuesday. The real estate investment trust reported C($4.05) EPS for the quarter, FiscalAI reports. The company had revenue of C$140.51 million for the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%.

Allied Properties Real Estate Investment Trust Trading Down 6.5%

TSE:AP.UN opened at C$10.05 on Thursday. 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. The firm has a market capitalization of C$1.97 billion, a price-to-earnings ratio of -1.06 and a beta of 1.00. The business’s 50-day moving average price is C$10.10 and its two-hundred day moving average price is C$10.55.

Allied Properties Real Estate Investment Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a c) annualized dividend and a yield of 7.2%. Allied Properties Real Estate Investment Trust’s dividend payout ratio is presently -15.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AP.UN shares. National Bank Financial dropped 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 research note on Friday, May 1st. Desjardins lifted their price objective 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 report on Friday, May 1st. 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. Finally, 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 report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust has an average rating of “Hold” and an average target price of C$12.33.

View Our Latest Stock Report on AP.UN

About Allied Properties Real Estate Investment Trust

(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.

See Also

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

Receive News & Ratings for Allied Properties Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Properties Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.