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

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$14.50 and last traded at C$14.72, with a volume of 163507 shares trading hands. The stock had previously closed at C$15.44.

Analyst Ratings Changes

Separately, Raymond James dropped their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$19.68.

Allied Properties Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The company’s 50 day moving average price is C$16.93 and its 200-day moving average price is C$17.87. The company has a market cap of C$1.89 billion, a price-to-earnings ratio of -4.01 and a beta of 1.26.

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.