Allied Properties Real Estate Investment Trust (TSE:AP.UN) Hits New 12-Month Low – Here’s What Happened

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) reached a new 52-week low during trading on Wednesday. The stock traded as low as C$5.35 and last traded at C$5.37, with a volume of 285,225 shares changing hands. The stock had previously closed at C$5.59.

Allied Properties Real Estate Investment Trust Stock Down 4.3%

The business has a 50-day simple moving average of C$7.37 and a two-hundred day simple moving average of C$9.71. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -0.42 and a beta of 0.96. 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.UN) last posted its quarterly 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 return on equity of 8.01% and a negative net margin of 89.93%. The firm had revenue of C$140.51 million for the quarter. As a group, equities analysts predict that Allied Properties Real Estate Investment Trust will post 1.84 EPS for the current 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.