Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get 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%
Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get 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
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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