Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given a C$11.00 Price Target at ATB Cormark Capital Markets

by · The Cerbat Gem

Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) has been assigned a C$11.00 target price by research analysts at ATB Cormark Capital Markets in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. ATB Cormark Capital Markets’ target price points to a potential upside of 8.48% from the company’s previous close.

Other equities analysts have also issued research reports about the company. National Bank Financial lowered their price objective on 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 note on Friday, May 1st. Desjardins raised their price objective on Allied Properties Real Estate Investment Trust from C$9.50 to C$9.75 and gave the stock a “hold” rating in a research note on Friday, May 1st. TD Securities lowered their price objective on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Scotiabank decreased their price target on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research note on Thursday, February 19th. Finally, Raymond James Financial decreased their price target on 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 note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$12.33.

Check Out Our Latest Research Report on AP.UN

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust stock traded up C$0.12 during mid-day trading on Thursday, reaching C$10.14. 301,680 shares of the company were exchanged, compared to its average volume of 1,159,055. The company has a fifty day simple moving average of C$9.73 and a 200-day simple moving average of C$11.72. Allied Properties Real Estate Investment Trust has a 12 month low of C$8.74 and a 12 month high of C$22.27. 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 market cap of C$1.99 billion, a PE ratio of -1.07 and a beta of 0.86.

Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) last posted 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 for the quarter. As a group, equities research analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

About Allied Properties Real Estate Investment Trust

(Get Free Report)

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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