Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 52-Week Low – Here’s What Happened

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) 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 trading hands. The stock had previously closed at C$8.91.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on AP.UN

Allied Properties Real Estate Investment Trust Price Performance

The firm has a market cap of C$1.54 billion, a PE ratio of -0.65 and a beta of 1.00. The stock has a 50 day simple moving average of C$9.77 and a two-hundred day simple moving average of C$9.76. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) last posted 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 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%. Sell-side analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current 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.

Further Reading

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