Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given New C$9.50 Price Target at Raymond James Financial

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target decreased by Raymond James Financial from C$10.00 to C$9.50 in a research note released on Friday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on AP.UN. Scotiabank dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research report on Thursday, February 19th. National Bank Financial dropped their price target 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 report on Friday. Desjardins raised their price target on shares of Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the company a “hold” rating in a research report on Friday. Finally, TD Securities dropped their price target on shares of 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 report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and an average target price of C$12.50.

Allied Properties Real Estate Investment Trust Stock Down 1.0%

Shares of AP.UN traded down C$0.10 during trading hours on Friday, reaching C$9.74. 716,563 shares of the stock traded hands, compared to its average volume of 1,246,593. 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 stock has a fifty day simple moving average of C$9.65 and a 200 day simple moving average of C$12.54. Allied Properties Real Estate Investment Trust has a 52 week low of C$8.74 and a 52 week high of C$22.27. The company has a market cap of C$1.91 billion, a price-to-earnings ratio of -1.03 and a beta of 0.78.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported C($1.15) 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 firm had revenue of C$143.93 million for the quarter. On average, equities analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS 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.