After Reaching 52-Week Low, Is Australian Unity Office Fund’s Near-Term Analysis Negative?

 After Reaching 52 Week Low, Is Australian Unity Office Fund's Near Term Analysis Negative?

The stock of Australian Unity Office Fund (ASX:AOF) hit a new 52-week low and has $1.82 target or 12.00% below today’s $2.07 share price. The 7 months bearish chart indicates high risk for the $290.57 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $1.82 price target is reached, the company will be worth $34.87 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at $2.07 during the last session. It is down 6.00% since October 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.

More recent Australian Unity Office Fund (ASX:AOF) news were published by: Smh.com.Au which released: “Let elderly parents control their own assets” on August 25, 2016. Also Smh.com.Au published the news titled: “Charter Hall pays $525m for Macquarie’s Shelley St office tower” on May 24, 2016. Smh.com.Au‘s news article titled: “Australian Unity snaps up industrial site to bulk up fund” with publication date: September 08, 2015 was also an interesting one.

Australian Unity Office Fund is a real estate investment trust that owns a portfolio of eight office properties located across Australian metropolitan and central business district (CBD) office markets. The company has a market cap of $290.57 million. The Fund’s investment objective is to provide unitholders with sustainable income returns via quarterly distributions and the potential for capital growth over the long-term by investing in a portfolio of Australian office properties. It currently has negative earnings. The Company’s properties include 30 Pirie Street, which is an A-grade office property; 10 Valentine Avenue, which comprises 14 levels of office space and basement parking; 5 Eden Park Drive, which comprises three levels of office accommodation; 32 Phillip Street and 468 St Kilda Road, which are B-grade office properties; 241 Adelaide Street; 2 Eden Park Drive, which comprises 16 attached united, and 64 Northbourne Avenue, which is a six-level office property.

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