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

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report)'s stock 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 Upgrades and Downgrades

Separately, Raymond James reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$19.68.

Allied Properties Real Estate Investment Trust Price Performance

The stock has a fifty day moving average of C$16.57 and a 200 day moving average of C$17.67. The stock has a market cap of C$1.84 billion, a price-to-earnings ratio of -3.90 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

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.