Raymond James Equities Analysts Decrease Earnings Estimates for Allied Properties Real Estate Investment Trust (TSE:AP)

Allied Properties Real Estate Investment Trust (TSE:AP) – Equities researchers at Raymond James dropped their Q4 2024 earnings per share (EPS) estimates for Allied Properties Real Estate Investment Trust in a research report issued to clients and investors on Wednesday, July 31st. Raymond James analyst B. Sturges now forecasts that the company will post earnings per share of $0.53 for the quarter, down from their previous forecast of $0.56. Raymond James also issued estimates for Allied Properties Real Estate Investment Trust’s Q4 2025 earnings at $0.54 EPS, Q1 2026 earnings at $0.49 EPS, Q2 2026 earnings at $0.50 EPS and FY2026 earnings at $2.00 EPS.

Separately, National Bank Financial downgraded Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust (TSE:AP) last posted its earnings results on Tuesday, April 30th. The company reported C($0.13) earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.71). The business had revenue of C$143.58 million during the quarter.

Allied Properties Real Estate Investment Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Wednesday, July 31st.

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.