TD Has Lowered Expectations for Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target lowered by equities research analysts at TD from C$6.50 to C$4.75 in a research note issued on Friday, BayStreet reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. TD‘s price objective would suggest a potential upside of 17.57% from the company’s previous close.

Separately, Scotia reduced their price target on 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 research report on Friday. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and an average price target of C$9.70.

Allied Properties Real Estate Investment Trust Stock Down 6.5%

Shares of AP.UN traded down C$0.28 during midday trading on Friday, reaching C$4.04. 2,342,664 shares of the company were exchanged, compared to its average volume of 1,023,537. The stock has a 50-day moving average price of C$7.20 and a 200-day moving average price of C$9.62. The company has a market cap of C$790.89 million, a price-to-earnings ratio of -0.32 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$14.80. 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) last issued its earnings results on Wednesday, October 28th. The real estate investment trust reported C$0.13 earnings per share 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 company had revenue of C$138.12 million during the quarter. Research analysts expect that Allied Properties Real Estate Investment Trust will post 1.84 earnings per share for the current year.

About Allied Properties Real Estate Investment Trust

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.