Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Average Rating of "Hold" by Brokerages

Key Points

• Allied Properties has an average analyst recommendation of Hold from eight brokerages (seven holds, one buy) with an average 12‑month price target of C$13.34.
• Several firms recently cut targets and maintained or set hold ratings — Scotiabank to C$10.75, TD Securities to C$10.00, and Desjardins to C$9.50 (upgraded from sell to hold).
• Shares traded near C$11.01 (market cap C$2.16B), but the company reported a C($7.93) quarterly EPS, negative ROE (-8.01%) and weak liquidity (current ratio 0.45), signaling operating and financial pressure.

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has earned an average recommendation of "Hold" from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$13.34.

Several brokerages recently issued reports on AP.UN. Scotiabank cut their price objective on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research report on Thursday, February 19th. Desjardins upgraded Allied Properties Real Estate Investment Trust from a "sell" rating to a "hold" rating and cut their price objective for the stock from C$12.50 to C$9.50 in a research report on Friday, February 13th. Finally, TD Securities cut their price objective on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a "hold" rating for the company in a research report on Thursday, February 19th.

Allied Properties Real Estate Investment Trust Trading Up 3.1%

Shares of Allied Properties Real Estate Investment Trust stock opened at C$11.01 on Friday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 1 year low of C$8.74 and a 1 year high of C$22.27. The company has a market capitalization of C$2.16 billion, a P/E ratio of -1.16 and a beta of 0.78. The business has a 50 day moving average price of C$9.76 and a 200 day moving average price of C$13.24.

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) 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 company had revenue of C$148.77 million for the quarter. Sell-side analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current fiscal year.

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.

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