Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 1-Year Low – Time to Sell?

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$7.56 and last traded at C$7.64, with a volume of 60400 shares changing hands. The stock had previously closed at C$7.68.

Allied Properties Real Estate Investment Trust Stock Down 1.7%

The firm has a market capitalization of C$1.48 billion, a PE ratio of -0.60 and a beta of 0.90. 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 company has a 50-day moving average price of C$9.12 and a 200 day moving average price of C$9.60.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its earnings results 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 business had revenue of C$140.51 million for the quarter. Analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

About Allied Properties Real Estate Investment Trust

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.