Allied Properties Real Estate Investment Trust (TSE:AP.UN) Sets New 1-Year Low – What’s Next?

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as C$8.71 and last traded at C$8.71, with a volume of 86990 shares. The stock had previously closed at C$8.91.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Allied Properties Real Estate Investment Trust has a consensus rating of “Hold” and a consensus price target of C$12.33.

Check Out Our Latest Stock Analysis on Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust Trading Down 1.5%

The stock has a market cap of C$1.61 billion, a price-to-earnings ratio of -0.68 and a beta of 1.00. The business’s fifty day simple moving average is C$9.83 and its 200 day simple moving average is C$9.81. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) 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 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%. On average, research analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current year.

Allied Properties Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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