Allied Properties Real Estate Investment Trust (TSE:AP.UN) Hits New 1-Year Low – Time to Sell?

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$9.10 and last traded at C$9.19, with a volume of 1079144 shares changing hands. The stock had previously closed at C$9.49.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.75 and set a “sector perform” rating for the company in a research note on Thursday, December 4th. Canaccord Genuity Group cut their price target on Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating for the company in a report on Friday, October 31st. TD Securities lowered their price objective on Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating on the stock in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce dropped their target price on Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating for the company in a report on Monday, November 3rd. Finally, Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and lowered their price target for the company from C$14.75 to C$14.00 in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Allied Properties Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus price target of C$14.53.

Allied Properties Real Estate Investment Trust Trading Up 1.2%

The firm has a market cap of C$1.34 billion, a price-to-earnings ratio of -1.01 and a beta of 1.65. 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 has a 50 day moving average price of C$13.43 and a 200 day moving average price of C$16.04.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) 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 company had revenue of C$148.77 million during the quarter. On average, research 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

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada.