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

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$5.83 and last traded at C$5.84, with a volume of 198,250 shares trading hands. The stock had previously closed at C$6.03.

Allied Properties Real Estate Investment Trust Price Performance

The firm has a market cap of C$1.13 billion, a PE ratio of -0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The business’s fifty day moving average is C$8.04 and its 200-day moving average is C$9.32.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share for the quarter. The firm 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 1.84 earnings per share 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.