Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given New C$10.00 Price Target at TD Securities

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target cut by TD Securities from C$14.50 to C$10.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on AP.UN. Desjardins raised Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and dropped their price target for the company from C$12.50 to C$9.50 in a report on Friday, February 13th. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from C$14.75 to C$14.00 in a report on Tuesday, December 2nd. Canaccord Genuity Group cut their price target on Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating for the company in a report on Friday, October 31st. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and reduced their price target for the stock from C$14.00 to C$13.00 in a research report on Monday, December 1st. Finally, Scotiabank decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.75 and set a “sector perform” rating on the stock in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$13.34.

Allied Properties Real Estate Investment Trust Trading Down 1.4%

Shares of AP.UN stock opened at C$9.70 on Thursday. Allied Properties Real Estate Investment Trust has a 12-month low of C$9.10 and a 12-month high of C$22.27. The company has a market capitalization of C$1.36 billion, a P/E ratio of -1.02 and a beta of 1.65. The firm has a 50-day moving average price of C$13.22 and a 200 day moving average price of C$15.90. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) earnings per share for the quarter. The firm had revenue of C$148.77 million for the quarter. Allied Properties Real Estate Investment Trust had a negative return on equity of 8.01% and a negative net margin of 89.93%. Research analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada.