Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 52-Week Low – Time to Sell?

by · The Markets Daily

Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$8.30 and last traded at C$8.33, with a volume of 261869 shares changing hands. The stock had previously closed at C$8.57.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets set a C$11.00 price objective on shares of Allied Properties Real Estate Investment Trust and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$12.33.

Read Our Latest Stock Report on AP.UN

Allied Properties Real Estate Investment Trust Trading Down 2.7%

The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$1.48 billion, a P/E ratio of -0.62 and a beta of 0.90. The business has a fifty day moving average price of C$9.58 and a 200 day moving average price of C$9.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share (EPS) for the quarter. Allied Properties Real Estate Investment Trust had a negative return on equity of 8.01% and a negative net margin of 89.93%.The firm had revenue of C$140.51 million for the quarter. On average, analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

About Allied Properties Real Estate Investment Trust

(Get Free Report)

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.

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