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

Allied Properties Real Estate Investment (TSE:AP) – Stock analysts at National Bank Financial dropped their FY2017 earnings per share estimates for shares of Allied Properties Real Estate Investment in a research note issued on Monday. National Bank Financial analyst M. Kornack now forecasts that the company will earn $2.17 per share for the year, down from their previous estimate of $2.19.

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Separately, Desjardins reaffirmed a “buy” rating on shares of Allied Properties Real Estate Investment in a research report on Thursday, August 17th.

The company also recently announced a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a dividend of $0.127 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of Infinity.

About Allied Properties Real Estate Investment

Ampco-Pittsburgh Corporation is engaged in manufacturing and selling specialty metal products and customized equipment utilized by industry throughout the world. The Company operates through two segments: the Forged and Cast Engineered Products segment, and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment consists of Union Electric Steel Corporation (Union Electric Steel or UES) and Union Electric Steel UK Limited (UES-UK).

Earnings History and Estimates for Allied Properties Real Estate Investment (TSE:AP)

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