Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) have been given an average rating of “Hold” by the nine analysts that are currently covering the firm, MarketBeat Ratings 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 price objective among analysts that have issued ratings on the stock in the last year is C$12.33.
A number of research analysts have commented on AP.UN shares. Raymond James Financial cut their target price on shares of 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 research report on Friday, May 1st. ATB Cormark Capital Markets set a C$11.00 price objective on shares of Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Thursday, May 21st. National Bank Financial cut 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 on the stock in a report on Friday, May 1st. Finally, Desjardins boosted their price objective on shares of Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the stock a “hold” rating in a research note on Friday, May 1st.
View Our Latest Stock Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Price Performance
Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) EPS for the quarter. The firm 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%. As a group, equities analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current year.
Allied Properties Real Estate Investment Trust Announces Dividend
The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were issued a $0.06 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Friday, May 29th. Allied Properties Real Estate Investment Trust’s payout ratio is currently -9.07%.
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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