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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$12.33.

A number of equities research analysts have issued reports on AP.UN shares. Desjardins raised 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. ATB Cormark Capital Markets set a C$11.00 target price on Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Thursday, May 21st. Raymond James Financial cut their price objective on shares of 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. Finally, National Bank Financial cut their price objective on shares of 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.

Allied Properties Real Estate Investment Trust Stock Performance

AP.UN stock opened at C$9.85 on Wednesday. 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 market capitalization of C$1.93 billion, a price-to-earnings ratio of -1.04 and a beta of 0.99. Allied Properties Real Estate Investment Trust has a 1 year low of C$8.74 and a 1 year high of C$22.27. The stock’s fifty day moving average is C$10.01 and its two-hundred day moving average is C$11.01.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its earnings results on Wednesday, April 29th. The real estate investment trust reported C($1.15) earnings per share (EPS) 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%. On average, research analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current year.

Allied Properties Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.06 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 7.3%. Allied Properties Real Estate Investment Trust’s payout ratio is -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.