Allied Properties Real Estate Investment Trust (TSE:AP.UN) Reaches New 1-Year Low – Should You Sell?

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) hit a new 52-week low during trading on Tuesday. The company traded as low as C$5.98 and last traded at C$6.04, with a volume of 2495683 shares traded. The stock had previously closed at C$6.58.

Allied Properties Real Estate Investment Trust Price Performance

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 stock has a market capitalization of C$1.19 billion, a P/E ratio of -0.48 and a beta of 0.96. The company has a fifty day simple moving average of C$8.44 and a two-hundred day simple moving average of C$9.43.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share (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. Sell-side analysts expect 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.