Allied Properties Real Estate Investment Trust (TSE:AP.UN – Free Report) had its price target lowered by Royal Bank Of Canada from C$10.00 to C$5.00 in a research report sent to investors on Monday,BayStreet reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.
A number of other brokerages have also weighed in on AP.UN. Raymond James Financial cut their price objective on 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 research report on Friday, October 30th. Desjardins decreased their target price on 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, October 30th. TD decreased their target price on Allied Properties Real Estate Investment Trust from C$6.50 to C$4.75 and set a “hold” rating for the company in a report on Friday, October 30th. National Bank Financial raised Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from C$5.50 to C$5.25 in a research note on Friday, October 30th. Finally, Scotia dropped their price target on Allied Properties Real Estate Investment Trust from C$9.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Friday, October 30th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$6.39.
Check Out Our Latest Stock Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Stock Up 6.7%
TSE AP.UN opened at C$3.96 on Monday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The stock has a market capitalization of C$775.23 million, a PE ratio of -0.34 and a beta of 0.96. Allied Properties Real Estate Investment Trust has a 1 year low of C$3.62 and a 1 year high of C$14.76. The business’s 50-day moving average is C$6.78 and its 200 day moving average is C$9.41.
Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$138.12 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%. Sell-side analysts forecast that Allied Properties Real Estate Investment Trust will post 1.84 earnings per share for the current year.
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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