Allied Properties Real Estate Investment Trust (TSE:AP.UN) Hits New 52-Week Low – What’s Next?

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as C$7.56 and last traded at C$7.64, with a volume of 60400 shares. The stock had previously closed at C$7.68.

Allied Properties Real Estate Investment Trust Price Performance

The firm’s fifty day simple moving average is C$9.12 and its 200 day simple moving average is C$9.60. The firm has a market cap of C$1.48 billion, a P/E ratio of -0.60 and a beta of 0.90. 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 released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported C($4.05) earnings per share 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 firm had revenue of C$140.51 million for the quarter. As a group, analysts forecast that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

Allied Properties Real Estate Investment Trust Company Profile

(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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