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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$12.33.

Several equities analysts recently commented on the company. National Bank Financial reduced their target price on Allied Properties Real Estate Investment Trust from C$10.75 to C$10.50 and set a “sector perform” rating for the company in a research report on Friday, May 1st. Desjardins boosted their target price on Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the stock a “hold” rating in a research report on Friday, May 1st. Scotiabank reduced their target price on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research report on Thursday, February 19th. Raymond James Financial reduced their target price on Allied Properties Real Estate Investment Trust from C$10.00 to C$9.50 and set a “market perform” rating for the company in a research report on Friday, May 1st. Finally, TD Securities reduced their target price on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating for the company in a research report on Thursday, February 19th.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE AP.UN opened at C$9.94 on Friday. The stock has a market cap of C$1.95 billion, a PE ratio of -1.05 and a beta of 0.99. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$8.74 and a fifty-two week high of C$22.27. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The stock has a fifty day moving average of C$9.93 and a 200-day moving average of C$11.39.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly 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%. Equities research analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Announces Dividend

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

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.