What Does Allied Properties Real Estate Investment Trust’s (TSE:AP.UN) Share Price Indicate?
Allied Properties Real Estate Investment Trust (TSX:AP.UN), a reits company based in Canada, saw its share price hover around a small range of CA$39.38 to CA$43.14 over the last few weeks.
But is this actually reflective of the share value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Allied Properties Real Estate Investment Trust’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
The stock seems fairly valued at the moment according to my valuation model. It’s trading around 10% above my intrinsic value, which means if you buy Allied Properties Real Estate Investment Trust today, you’d be paying a relatively reasonable price for it. And if you believe the company’s true value is CA$39.31, there’s only an insignificant downside when the price falls to its real value. In addition to this, it seems like Allied Properties Real Estate Investment Trust’s share price is quite stable, which could mean there may be less chances to buy low in the future now that it’s fairly valued. This is because the stock is less volatile than the wider market given its low beta.