Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts maintain a “Hold” consensus on Allied Properties, with nine holds and two buys among 11 ratings; the average 12-month price target is C$9.70.
• Several firms sharply reduced their targets, including TD to C$4.75, Desjardins to C$5.00, Scotia to C$5.50, and Raymond James to C$5.00. National Bank Financial upgraded the trust to “outperform” but also lowered its target to C$5.25.
• Shares closed at C$4.01 after falling C$0.31, near the 52-week low of C$3.62. Quarterly results included C$0.13 EPS and C$138.12 million in revenue, alongside weak profitability marked by a negative 89.93% net margin.

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$9.70.

AP.UN has been the topic of a number of research analyst reports. National Bank Financial raised shares of Allied Properties Real Estate Investment Trust from a "sector perform" rating to an "outperform" rating and dropped their price objective for the company from C$5.50 to C$5.25 in a report on Friday. TD lowered their price target on Allied Properties Real Estate Investment Trust from C$6.50 to C$4.75 and set a "hold" rating on the stock in a research report on Friday. Desjardins decreased their target price on Allied Properties Real Estate Investment Trust from C$9.75 to C$5.00 and set a "hold" rating on the stock in a research report on Friday. Scotia reduced 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 report on Friday. Finally, Raymond James Financial reduced their target price on Allied Properties Real Estate Investment Trust from C$7.50 to C$5.00 and set a "market perform" rating on the stock in a research report on Friday.

Key Allied Properties Real Estate Investment Trust News

Here are the key news stories impacting Allied Properties Real Estate Investment Trust this week:

• Positive Sentiment: National Bank Financial upgraded Allied Properties from “sector perform” to “outperform.” While it lowered its target to C$5.25 from C$5.50, the new target implies roughly 30% upside. National Bank Financial analyst action
• Neutral Sentiment: Allied reported quarterly earnings of C$0.13 per share and revenue of C$138.12 million. However, profitability remained weak, with a negative 8.01% return on equity and a negative 89.93% net margin. Allied Properties quarterly earnings
• Negative Sentiment: Raymond James cut its price target to C$5.00 from C$7.50 and maintained a “market perform” rating, signaling reduced expectations despite projected upside. Raymond James analyst action
• Negative Sentiment: TD lowered its target to C$4.75 from C$6.50 and retained a “hold” rating. TD analyst action
• Negative Sentiment: Desjardins reduced its target substantially, to C$5.00 from C$9.75, and kept a “hold” rating. Scotia also cut its target to C$5.50 from C$9.00 and assigned a “sector perform” rating. Desjardins analyst action Scotia analyst action

Allied Properties Real Estate Investment Trust Price Performance

Shares of AP.UN stock traded down C$0.31 on Friday, hitting C$4.01. 2,679,672 shares of the stock traded hands, compared to its average volume of 1,024,550. The firm has a market cap of C$785.02 million, a price-to-earnings ratio of -0.32 and a beta of 0.96. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The firm has a 50 day simple moving average of C$7.20 and a two-hundred day simple moving average of C$9.62. Allied Properties Real Estate Investment Trust has a 52 week low of C$3.62 and a 52 week high of C$14.80.

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

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