Allied Properties Real Estate Investment Forecasted to Post FY2017 Earnings of $2.19 Per Share (TSE:AP)
Allied Properties Real Estate Investment (TSE:AP) – Stock analysts at Raymond James Financial reduced their FY2017 earnings per share (EPS) estimates for shares of Allied Properties Real Estate Investment in a report issued on Thursday. Raymond James Financial analyst K. Avalos now forecasts that the company will post earnings per share of $2.19 for the year, down from their prior forecast of $2.21. Raymond James Financial also issued estimates for Allied Properties Real Estate Investment’s Q4 2017 earnings at $0.56 EPS.
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Separately, National Bank Financial upgraded Allied Properties Real Estate Investment from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Thursday, May 4th.
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.127 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of Infinity.
Allied Properties Real Estate Investment Company Profile
Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).
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