Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given New C$5.00 Price Target at Raymond James Financial

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective cut by equities researchers at Raymond James Financial from C$7.50 to C$5.00 in a report issued on Friday, BayStreet reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Raymond James Financial‘s price objective suggests a potential upside of 23.76% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Scotia lowered their price objective 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 note on Friday. TD reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$6.50 to C$4.75 and set a “hold” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$9.70.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust stock traded down C$0.28 during trading on Friday, hitting C$4.04. The stock had a trading volume of 2,342,664 shares, compared to its average volume of 1,023,537. Allied Properties Real Estate Investment Trust has a 1 year low of C$3.62 and a 1 year high of C$14.80. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The stock’s 50 day moving average is C$7.20 and its two-hundred day moving average is C$9.62. The stock has a market cap of C$790.89 million, a price-to-earnings ratio of -0.32 and a beta of 0.96.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its earnings results on Wednesday, October 28th. The real estate investment trust reported C$0.13 earnings per share (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 business had revenue of C$138.12 million during the quarter. As a group, analysts predict that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current year.

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.