Allied Properties Real Estate Investment Trust (TSE:AP.UN) Sets New 12-Month Low – Here’s What Happened

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$8.00 and last traded at C$8.03, with a volume of 117578 shares. The stock had previously closed at C$8.15.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets set a C$11.00 price target on shares of Allied Properties Real Estate Investment Trust and gave the stock 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Allied Properties Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of C$12.33.

Allied Properties Real Estate Investment Trust Trading Down 0.4%

The company has a market cap of C$1.59 billion, a PE ratio of -0.63 and a beta of 0.90. The business has a 50 day simple moving average of C$9.45 and a two-hundred day simple moving average of C$9.68. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported C($4.05) EPS 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 business had revenue of C$140.51 million during the quarter. On average, analysts forecast 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.