Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 12-Month Low – Time to Sell?

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$9.10 and last traded at C$9.19, with a volume of 1079144 shares. The stock had previously closed at C$9.49.

Analysts Set New Price Targets

A number of brokerages have issued reports on AP.UN. Canadian Imperial Bank of Commerce cut their target price on Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. National Bank Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and dropped their price objective for the company from C$14.00 to C$13.00 in a research note on Monday, December 1st. TD Securities decreased their target price on Allied Properties Real Estate Investment Trust from C$14.50 to C$10.00 and set a “hold” rating on the stock in a research note on Thursday. Scotiabank dropped their target price on Allied Properties Real Estate Investment Trust from C$15.75 to C$10.75 in a research report on Thursday. Finally, Royal Bank Of Canada reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$13.34.

Allied Properties Real Estate Investment Trust Trading Down 1.4%

The firm has a market cap of C$1.36 billion, a P/E ratio of -1.02 and a beta of 1.65. 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 firm has a fifty day moving average of C$13.29 and a 200-day moving average of C$15.94.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its earnings results on Tuesday, February 10th. The real estate investment trust reported C($7.93) earnings per share (EPS) for the quarter. The company had revenue of C$148.77 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%. Equities research analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada.