Raymond James Weighs in on Allied Properties Real Estate Investment Trust’s Q3 2024 Earnings (TSE:AP)

Allied Properties Real Estate Investment Trust (TSE:AP) – Stock analysts at Raymond James lowered their Q3 2024 EPS estimates for shares of Allied Properties Real Estate Investment Trust in a report issued on Wednesday, July 31st. Raymond James analyst B. Sturges now anticipates that the company will post earnings per share of $0.53 for the quarter, down from their previous estimate of $0.56. Raymond James also issued estimates for Allied Properties Real Estate Investment Trust’s FY2024 earnings at $2.16 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.54 EPS and FY2025 earnings at $2.17 EPS.

Separately, National Bank Financial cut 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 Price Performance

Allied Properties Real Estate Investment Trust Dividend Announcement

The business 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 $0.15 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.80 annualized dividend and a dividend yield of ∞.

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.