(AP-UN) Allied Properties Real - Ratings and Ratios

Allied Properties Real Estate Investment Trust is a prominent player in Canadas urban workspace market, focusing on distinctive properties in major cities. By providing sustainable and conducive workspaces, Allied caters to knowledge-based organizations, prioritizing human wellness, creativity, and diversity. The companys vision is centered around making a positive impact on cities and culture, striving to elevate and inspire humanity.

With a strong online presence, investors can access more information about Allieds mission, properties, and performance on their official website: https://www.alliedreit.com. As a publicly traded company listed on the Toronto Stock Exchange under the ticker symbol AP-UN, Allied Properties REIT falls under the Office REITs sub-industry according to GICS classification.

From a technical analysis perspective, the stock has shown a positive trend, with its last price of $17.07 exceeding both its 20-day and 50-day Simple Moving Averages (SMA) of $15.71 and $15.25, respectively. Although its below its 52-week high of $19.19, its still above its 200-day SMA of $16.54, indicating a potential long-term uptrend. The Average True Range (ATR) of 0.36, representing a 2.09% daily volatility, suggests relatively stable price movements.

Fundamentally, Allied Properties REIT has a market capitalization of approximately $2.28 billion CAD. While the P/E ratio is not available due to negative earnings, the forward P/E stands at 9.78, indicating potential for future earnings growth. However, the current Return on Equity (RoE) of -7.55% raises concerns about the companys profitability.

Based on the available technical and fundamental data, a forecast for Allied Properties REIT could be as follows: Given the stocks current price above its short-term SMAs and relatively stable volatility, it may continue its upward trend in the short term. However, the negative RoE and lack of a traditional P/E ratio suggest that the company needs to address its profitability. If Allied can improve its earnings and maintain its focus on sustainable, high-quality workspaces, it may attract more investors, potentially driving the stock price towards its 52-week high. A realistic price target could be around $18.50-$19.00 in the next 6-12 months, contingent on improved earnings and a stable market environment.