Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of “Hold” from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$12.33.

Several analysts have issued reports on AP.UN shares. Desjardins boosted their target price 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 note on Friday, May 1st. National Bank Financial lowered their target price on 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 research note on Friday, May 1st. Raymond James Financial lowered 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 research note on Friday, May 1st. Scotiabank lowered their target price on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research note on Thursday, February 19th. Finally, TD Securities lowered their target price on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th.

Read Our Latest Stock Analysis on AP.UN

Allied Properties Real Estate Investment Trust Stock Up 1.0%

AP.UN opened at C$9.94 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The stock has a market cap of C$1.95 billion, a price-to-earnings ratio of -1.05 and a beta of 0.99. Allied Properties Real Estate Investment Trust has a twelve month low of C$8.74 and a twelve month high of C$22.27. The company’s 50-day moving average price is C$9.93 and its two-hundred day moving average price is C$11.39.

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported C($1.15) earnings per share for the quarter. The company had revenue of C$143.93 million during 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 expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Dividend Announcement

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

Allied Properties Real Estate Investment Trust Company Profile

(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.

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Analyst Recommendations for Allied Properties Real Estate Investment Trust (TSE:AP.UN)

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