Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 52-Week Low – Here’s Why

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price reached 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 traded. The stock had previously closed at C$8.15.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets set a C$11.00 target price 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 given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$12.33.

Allied Properties Real Estate Investment Trust Trading Down 0.4%

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 business has a 50 day moving average of C$9.45 and a 200-day moving average of C$9.68. The stock has a market cap of C$1.59 billion, a PE ratio of -0.63 and a beta of 0.90.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings results 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 return on equity of 8.01% and a negative net margin of 89.93%.The company had revenue of C$140.51 million for the quarter. On average, analysts anticipate 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.