Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target at C$15.28

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$15.28.

Several brokerages have recently issued reports on AP.UN. Canaccord Genuity Group cut their target price on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and cut their price target for the stock from C$14.75 to C$14.00 in a report on Tuesday, December 2nd. TD Securities lowered their price objective on shares of Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating for the company in a research note on Friday. Scotiabank cut their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$15.75 and set a “sector perform” rating on the stock in a research note on Thursday, December 4th. Finally, CIBC lowered their price target on Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating for the company in a research report on Monday, November 3rd.

Allied Properties Real Estate Investment Trust Stock Down 0.7%

AP.UN opened at C$13.13 on Friday. Allied Properties Real Estate Investment Trust has a 12 month low of C$12.35 and a 12 month high of C$22.27. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The business’s 50-day moving average price is C$15.31 and its 200-day moving average price is C$17.23. The company has a market cap of C$1.84 billion, a P/E ratio of -3.20 and a beta of 1.63.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported C($0.81) earnings per share 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%. The company had revenue of C$147.93 million for the quarter. On average, equities analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current year.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal.