Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Average Rating of “Hold” by Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$12.33.

A number of brokerages have issued reports on AP.UN. National Bank Financial reduced 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 report on Friday, May 1st. Desjardins raised their price objective 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 report 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 stock a “sector perform” rating in a report on Thursday, May 21st. Finally, Raymond James Financial decreased their target price on 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 report on Friday, May 1st.

Allied Properties Real Estate Investment Trust Stock Up 1.3%

Shares of AP.UN stock opened at C$9.29 on Thursday. The company has a market capitalization of C$1.71 billion, a price-to-earnings ratio of -0.72 and a beta of 1.00. Allied Properties Real Estate Investment Trust has a one year low of C$8.74 and a one year high of C$22.27. The company’s fifty day moving average price is C$9.96 and its 200-day moving average price is C$10.06. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share (EPS) 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 business had revenue of C$140.51 million for the quarter. Sell-side analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current fiscal year.

Allied Properties Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Friday, May 29th. Allied Properties Real Estate Investment Trust’s dividend payout ratio (DPR) is presently -9.07%.

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.