Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 12-Month Low – What’s Next?

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$8.71 and last traded at C$8.71, with a volume of 86990 shares traded. The stock had previously closed at C$8.91.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets set a C$11.00 price target 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 company’s stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust has an average rating of “Hold” and an average price target of C$12.33.

Allied Properties Real Estate Investment Trust Stock 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’s 50 day moving average price is C$9.83 and its 200 day moving average price is C$9.81. The company has a market cap of C$1.61 billion, a price-to-earnings ratio of -0.68 and a beta of 1.00.

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