Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$9.70.
Several research analysts recently commented on AP.UN shares. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$5.50 to C$5.25 in a report on Friday. Raymond James Financial reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$7.50 to C$5.00 and set a “market perform” rating on the stock in a report on Friday. TD cut their price target on shares of Allied Properties Real Estate Investment Trust from C$6.50 to C$4.75 and set a “hold” rating on the stock in a research report on Friday. Desjardins reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$9.75 to C$5.00 and set a “hold” rating for the company in a report on Friday. Finally, Scotia lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$9.00 to C$5.50 and set a “sector perform” rating on the stock in a report on Friday.
View Our Latest Analysis on AP.UN
Allied Properties Real Estate Investment Trust Stock Down 7.2%
AP.UN stock traded down C$0.31 during mid-day trading on Friday, hitting C$4.01. The stock had a trading volume of 2,679,672 shares, compared to its average volume of 1,024,550. 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 company has a fifty day moving average of C$7.20 and a 200 day moving average of C$9.62. The stock has a market capitalization of C$785.02 million, a price-to-earnings ratio of -0.32 and a beta of 0.96. 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 (TSE:AP.UN – Get Free Report) last issued its earnings results on Wednesday, October 28th. The real estate investment trust reported C$0.13 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$138.12 million during the quarter. On average, equities analysts expect that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current fiscal year.
Key Allied Properties Real Estate Investment Trust News
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.” While it lowered its target to C$5.25 from C$5.50, the new target implies roughly 30% upside. National Bank Financial analyst action
- Neutral Sentiment: Allied reported quarterly earnings of C$0.13 per share and revenue of C$138.12 million. However, profitability remained weak, with a negative 8.01% return on equity and a negative 89.93% net margin. Allied Properties quarterly earnings
- Negative Sentiment: Raymond James cut its price target to C$5.00 from C$7.50 and maintained a “market perform” rating, signaling reduced expectations despite projected upside. Raymond James analyst action
- Negative Sentiment: TD lowered its target to C$4.75 from C$6.50 and retained a “hold” rating. TD analyst action
- Negative Sentiment: Desjardins reduced its target substantially, to C$5.00 from C$9.75, and kept a “hold” rating. Scotia also cut its target to C$5.50 from C$9.00 and assigned a “sector perform” rating. Desjardins analyst action Scotia analyst action
Allied Properties Real Estate Investment Trust Company Profile
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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