Allied Properties Real Estate Investment (TSE:AP.UN) Reaches New 52-Week Low at $33.82
Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$33.82 and last traded at C$33.94, with a volume of 37853 shares changing hands. The stock had previously closed at C$35.08.
AP.UN has been the subject of a number of research reports. TD Securities reduced their price objective on Allied Properties Real Estate Investment from C$53.00 to C$52.00 and set a “buy” rating for the company in a research report on Friday, April 29th. Raymond James set a C$53.00 price objective on Allied Properties Real Estate Investment and gave the stock an “outperform” rating in a research note on Thursday, April 28th. Canaccord Genuity Group cut Allied Properties Real Estate Investment to a “hold” rating and set a C$48.00 target price on the stock. in a report on Wednesday, April 6th. Finally, CIBC cut their price target on Allied Properties Real Estate Investment from C$54.00 to C$50.00 and set an “outperform” rating for the company in a report on Tuesday, May 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$50.90.
The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.13 and a current ratio of 0.89. The company has a market cap of C$4.30 billion and a P/E ratio of 8.10. The firm’s 50-day simple moving average is C$40.24 and its 200 day simple moving average is C$42.96.
In related news, Director Michael R. Emory acquired 1,023 shares of the business’s stock in a transaction on Monday, May 16th. The stock was purchased at an average cost of C$38.96 per share, for a total transaction of C$39,856.08. Following the completion of the transaction, the director now directly owns 229,304 shares of the company’s stock, valued at approximately C$8,933,683.84. Also, Director Gordon R. Cunningham sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of C$41.00, for a total transaction of C$61,500.00. Following the transaction, the director now owns 16,445 shares in the company, valued at approximately C$674,245.
Allied Properties Real Estate Investment Company Profile (TSE:AP.UN)
Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centers in Toronto that form Canada’s hub for global connectivity. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.
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