Buy, Sell or Hold: Allied Properties REIT (AP.UN-T) — Stock Predictions at Stockchase

TSE:AP.UN

41.00

0.18 (0.44%) 1d

Showing 1 to 15 of 146 entries

BUY

AP.UN is pricey, but the growth is really there.

investment companies / funds

TOP PICK

Concerns in office spaces are overblown. A massive pullback in this sector are overdone. he likes their 4% dividend and valuation. 2022 will likely see the end of Covid and he expects more people to return to the office, hence demand in this sector. He himself is working at his office. (Analysts’ price target is $50.25)

investment companies / funds

PAST TOP PICK

(A Top Pick Apr 08/21, Up 3%) Best operator out there. Seem to be going quite well. Leasing at higher prices. Their space is designed for the small business owner. We're heading to a hybrid model of home/office work.

investment companies / funds

TOP PICK

A recovery story. Best in class, best assets. Theme of stay at home will wane. There's a more hybrid solution, and its stable of smaller tech and healthcare tenants will benefit. Trades at a 15% discount to NAV. Yield is 4.04%. (Analysts’ price target is $45.23)

investment companies / funds

DON'T BUY

Office outlook and work from home? It's tough to predict the future. AP is a great operator of office buildings. They convert brick and beam buildings to cool office spaces. West of the Toronto downtown core, vacancies have risen to 15.8%, almost double the core of 8.3%. This is a headwind. To fill office space, you must give incentives. What percent of the workforce will return to the office? Some will, some won't. Short term there will be choppiness and challenges, but AP is good operator. He would buy this if shares were far lower, but this REIT is fairly valued now.

investment companies / funds

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TOP PICK

Stockchase Research Editor: Michael O'Reilly AP.UN is a REIT that manages office space primarily in Toronto and Montreal. As vaccines are rolling out, we expect the worst is now over for this space, signaling a time to re-enter. It trades at less than 7x earnings and pays a good dividend backed by a 29% payout ratio. We would buy this with a stop-loss at $33, looking to achieve $48 -- over 26% upside. Yield 4.38% (Analysts’ price target is $47.53)

investment companies / funds

DON'T BUY

Likes it, but hesitant to invest in office right now. Potential value is there, but corporations will be pausing on any need for offices. Great assets, great land, but no need to rush in today.

investment companies / funds

DON'T BUY

It's still early to buy office space. AP has benefited a lot from a tight Toronto office market. But there's a lot of new space coming on market. AP's clients, like Shopify, have said they won't need office space, though he doesn't think Allied is at risk. However, this trend could dampen their asking rates in the future. AP has a great density story with lots of excess capacity to build, but entering a weaker office market, this timeline has been pushed out. Maybe the value is here long-term, but he'd steer clear of AP in the short term.

investment companies / funds

BUY

He is a big fan of this company and likes their management team. Their own risk management tolerance is low. A lot of buildings in Toronto and Vancouver, but they also hold office space in tight markets. They find older buildings and turn into nice new spaces. The balance sheet is healthy.

investment companies / funds

BUY on WEAKNESS

It is well positioned in Toronto office space that is in niche places. It trades at a fair price, it is not cheap. If you own it, continue to hold it. Toronto has some of the lowest office vacancy rates in North America. He is waiting to buy it at a discount to NAV.

investment companies / funds

PAST TOP PICK

(A Top Pick Jul 16/19, Up 14%) The REITs and consumer staples have done well since the summer. He may shave his REIT holdings though. AP.U has had a sharp move upwards in recent months so he may take some profits.

investment companies / funds

BUY

Fundamentally, maybe it is too expensive. But technically, it is looking very well. Would be a buyer or holder, since it is going higher and higher slowly. They own office properties especially around the Toronto area

investment companies / funds

COMMENT

If Toronto's going to become like Manhatten, we have to build up. Companies like this own the best real estate. Toronto is exploding, and it won't stop. Tremendous operators. Moved into data connecting. Valuation has run up, and this gives him pause.

investment companies / funds

BUY on WEAKNESS

In a TFSA or cash account? Can't advise on which account. Allied is a great play if you want to play the strong Toronto office market. They're attracting tech tenants in the hip office areas. A great management team and a sharp balance sheet. But the share price is topping out. Own this and sleep well at night.

investment companies / funds

HOLD

A pure play office REIT in Toronto, where supply and demand is favorable. A good hold. Yield 3.3%

investment companies / funds

Showing 1 to 15 of 146 entries

Allied Properties REIT(AP.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 5

Stockchase rating for Allied Properties REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Allied Properties REIT(AP.UN-T) Frequently Asked Questions

What is Allied Properties REIT stock symbol?

Allied Properties REIT is a Canadian stock, trading under the symbol AP.UN-T on the Toronto Stock Exchange (AP.UN-CT). It is usually referred to as TSX:AP.UN or AP.UN-T

Is Allied Properties REIT a buy or a sell?

In the last year, 5 stock analysts published opinions about AP.UN-T. 2 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Allied Properties REIT.

Is Allied Properties REIT a good investment or a top pick?

Allied Properties REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Allied Properties REIT.

Why is Allied Properties REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Allied Properties REIT worth watching?

5 stock analysts on Stockchase covered Allied Properties REIT In the last year. It is a trending stock that is worth watching.

What is Allied Properties REIT stock price?

On 2021-09-24, Allied Properties REIT (AP.UN-T) stock closed at a price of $41.

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