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

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$8.30 and last traded at C$8.33, with a volume of 261869 shares changing hands. The stock had previously closed at C$8.57.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets set a C$11.00 target price on Allied Properties Real Estate Investment Trust and gave the company a “sector perform” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$12.33.

Get Our Latest Stock Analysis on Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust Stock Down 3.4%

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 company has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -0.64 and a beta of 0.90. The company has a 50-day moving average of C$9.65 and a 200-day moving average of C$9.73.

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) EPS for the quarter. The company had revenue of C$140.51 million during 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, equities analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal year.

About Allied Properties Real Estate Investment Trust

(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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