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

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s stock price reached a new 52-week low during trading on Tuesday. The stock traded as low as C$5.83 and last traded at C$5.84, with a volume of 198,250 shares trading hands. The stock had previously closed at C$6.03.

Allied Properties Real Estate Investment Trust Stock Down 2.3%

The stock has a fifty day moving average of C$8.20 and a 200 day moving average of C$9.37. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The firm has a market capitalization of C$1.15 billion, a P/E ratio of -0.47 and a beta of 0.96.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted 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 company had revenue of C$140.51 million for the quarter. On average, research analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current fiscal year.

Allied Properties Real Estate Investment Trust Company Profile

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.