Brokerages Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$12.33

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$12.33.

Several research firms have recently issued reports on AP.UN. ATB Cormark Capital Markets set a C$11.00 price target on shares of Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Scotiabank lowered 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. Desjardins boosted 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, May 1st. Raymond James Financial lowered their price target on shares of 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. Finally, National Bank Financial lowered 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, May 1st.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN stock opened at C$10.01 on Friday. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of -1.06 and a beta of 0.99. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. 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 firm’s 50-day simple moving average is C$10.01 and its two-hundred day simple moving average is C$11.28.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported C($1.15) EPS 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%.The company had revenue of C$143.93 million during the quarter. As a group, equities analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.2%. Allied Properties Real Estate Investment Trust’s payout ratio is -15.19%.

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.