Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Gets Price Target Reduction from TD

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target trimmed by TD from C$6.50 to C$4.75 in a research note published on Friday,BayStreet reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Separately, Scotia cut their target price 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. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$8.08.

Allied Properties Real Estate Investment Trust Stock Down 6.7%

AP.UN stock opened at C$4.03 on Friday. 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 has a twelve month low of C$3.62 and a twelve month high of C$14.80. The firm has a 50 day simple moving average of C$7.09 and a 200-day simple moving average of C$9.56. The company has a market capitalization of C$788.93 million, a P/E ratio of -0.34 and a beta of 0.96.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported C$0.13 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 company had revenue of C$138.12 million for the quarter. On average, equities research analysts predict that Allied Properties Real Estate Investment Trust will post 1.84 earnings per share for the current fiscal year.

Allied Properties Real Estate Investment Trust News Summary

Here are the key news stories impacting Allied Properties Real Estate Investment Trust this week:

• Positive Sentiment: National Bank Financial upgraded Allied Properties from “sector perform” to “outperform,” citing potential upside to a C$5.25 target. However, the target was reduced from C$5.50. National Bank Financial analyst rating
• Neutral Sentiment: The REIT reported quarterly revenue of C$138.12 million and earnings per share of C$0.13. While the results provide ongoing operating visibility, Allied posted a negative 8.01% return on equity and a negative 89.93% net margin, highlighting significant profitability challenges. Allied Properties quarterly earnings
• Negative Sentiment: Raymond James cut its price target from C$7.50 to C$5.00 and assigned a “market perform” rating, signaling more limited near-term upside expectations. Raymond James analyst rating
• Negative Sentiment: TD reduced its target from C$6.50 to C$4.75 and maintained a “hold” rating. TD analyst rating
• Negative Sentiment: Desjardins lowered its target from C$9.75 to C$5.00 and kept a “hold” rating, while Scotia cut its target from C$9.00 to C$5.50 and maintained “sector perform.” The coordinated reductions suggest analysts are reassessing Allied’s earnings outlook and real-estate valuation. Desjardins analyst rating

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.