TD Securities analyst Jonathan Kelcher maintained a Buy rating on Allied Properties Real Estate Investment Trust (APYRF – Research Report) today and set a price target of C$20.00.
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.
Jonathan Kelcher has given his Buy rating due to a combination of factors that suggest a positive outlook for Allied Properties Real Estate Investment Trust. He notes an increasing confidence in the leasing market, indicating potential for revenue growth. Kelcher highlights that while the long-term strategic plan is still in its early stages, it is showing promising signs of success.
Additionally, the company experienced a significant earnings per share beat in the fourth quarter of 2024, with South America emerging as a major growth area. The guidance provided by the company suggests ongoing momentum, which is likely to persist into the next quarters, further supporting the Buy recommendation.