National Bank Financial Brokers Lower Earnings Estimates for Allied Properties Real Estate Investment Trust (TSE:AP)

Allied Properties Real Estate Investment Trust (TSE:AP) – Investment analysts at National Bank Financial cut their FY2024 EPS estimates for Allied Properties Real Estate Investment Trust in a report issued on Tuesday, October 8th. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings per share of $2.16 for the year, down from their prior estimate of $2.18. National Bank Financial currently has a “Hold” rating on the stock. National Bank Financial also issued estimates for Allied Properties Real Estate Investment Trust’s FY2025 earnings at $2.19 EPS.

Allied Properties Real Estate Investment Trust (TSE:AP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.36). The company had revenue of C$146.75 million for the quarter.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 27th. 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.