Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Gets Price Target Reduction from Desjardins

by · The Markets Daily

Allied Properties Real Estate Investment Trust (TSE:AP.UN – Free Report) had its price objective cut by Desjardins from C$9.75 to C$5.00 in a research report released on Friday morning,BayStreet reports. They currently have a hold rating on the real estate investment trust’s stock.

AP.UN has been the subject of a number of other research reports. Raymond James Financial reduced their price target on Allied Properties Real Estate Investment Trust from C$7.50 to C$5.00 and set a “market perform” rating for the company in a report on Friday. TD reduced their price objective 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 report on Friday. Finally, Scotia reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$9.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$8.08.

View Our Latest Report on AP.UN

Allied Properties Real Estate Investment Trust Trading Down 6.7%

TSE:AP.UN opened at C$4.03 on Friday. The company has a market capitalization of C$788.93 million, a PE ratio of -0.34 and a beta of 0.96. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a 52-week low of C$3.62 and a 52-week high of C$14.80. The stock has a fifty day simple moving average of C$7.09 and a 200-day simple moving average of C$9.56.

Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) last issued its earnings results on Wednesday, October 28th. The real estate investment trust reported C$0.13 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$138.12 million during the quarter. On average, equities research analysts expect that Allied Properties Real Estate Investment Trust will post 1.84 earnings per share for the current fiscal year.

Trending Headlines about Allied Properties Real Estate Investment Trust

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,” citing potential upside to a C$5.25 target. However, the target was reduced from C$5.50. National Bank Financial analyst rating
  • Neutral Sentiment: The REIT reported quarterly revenue of C$138.12 million and earnings per share of C$0.13. While the results provide ongoing operating visibility, Allied posted a negative 8.01% return on equity and a negative 89.93% net margin, highlighting significant profitability challenges. Allied Properties quarterly earnings
  • Negative Sentiment: Raymond James cut its price target from C$7.50 to C$5.00 and assigned a “market perform” rating, signaling more limited near-term upside expectations. Raymond James analyst rating
  • Negative Sentiment: TD reduced its target from C$6.50 to C$4.75 and maintained a “hold” rating. TD analyst rating
  • Negative Sentiment: Desjardins lowered its target from C$9.75 to C$5.00 and kept a “hold” rating, while Scotia cut its target from C$9.00 to C$5.50 and maintained “sector perform.” The coordinated reductions suggest analysts are reassessing Allied’s earnings outlook and real-estate valuation. Desjardins analyst rating

Allied Properties Real Estate Investment Trust Company Profile

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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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