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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) reached a new 52-week low during mid-day trading on Tuesday . The company 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.

Wall Street Analyst Weigh In

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

Allied Properties Real Estate Investment Trust Trading Down 3.4%

The firm has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -0.64 and a beta of 0.90. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The company has a 50 day moving average price of C$9.65 and a two-hundred day moving average price of C$9.73.

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