Analyst Mark Rothschild of Canaccord Genuity maintained a Hold rating on Allied Properties Real Estate Investment Trust (APYRF – Research Report), reducing the price target to C$17.75.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Mark Rothschild has given his Hold rating due to a combination of factors affecting Allied Properties Real Estate Investment Trust. The company’s financial performance has been below expectations, particularly with a significant drop in funds from operations (FFO) per unit. This decline is attributed to increased interest expenses from refinancing debt at higher rates, along with reduced same-property net operating income (NOI) due to higher vacancy rates.
Additionally, while management is optimistic about improving occupancy rates in the future, the overall market conditions are not expected to improve significantly in the short term. The elevated payout ratio of 99% based on 2025 adjusted funds from operations (AFFO) further limits the company’s financial flexibility. Consequently, despite some asset divestments aimed at strengthening its financial position, the firm’s net asset value (NAV) and target price have been adjusted downward, leading to a Hold rating.
In another report released on January 24, National Bank also maintained a Hold rating on the stock with a C$18.00 price target.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APYRF in relation to earlier this year.