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

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$7.14 and last traded at C$7.15, with a volume of 741182 shares. The stock had previously closed at C$7.35.

Allied Properties Real Estate Investment Trust Price Performance

The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The stock has a 50-day simple moving average of C$8.77 and a 200 day simple moving average of C$9.52. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of -0.55 and a beta of 0.90.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share for the quarter. The business had revenue of C$140.51 million during 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%. On average, equities research analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current fiscal 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.