Allied Properties Real Estate Investment Trust (TSE:AP.UN) Hits New 12-Month Low – What’s Next?

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$8.00 and last traded at C$8.03, with a volume of 117578 shares. The stock had previously closed at C$8.15.

Wall Street Analyst Weigh In

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

Allied Properties Real Estate Investment Trust Trading Down 1.4%

The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The business’s 50 day simple moving average is C$9.36 and its 200 day simple moving average is C$9.66. The stock has a market cap of C$1.54 billion, a P/E ratio of -0.61 and a beta of 0.90.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share for the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%. The company had revenue of C$140.51 million during 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.

Allied Properties Real Estate Investment Trust Company Profile

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.