Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Down 27.3% – Should You Sell?

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s stock price dropped 27.3% during trading on Wednesday . The company traded as low as C$10.16 and last traded at C$10.21. Approximately 2,926,038 shares were traded during trading, an increase of 347% from the average daily volume of 655,213 shares. The stock had previously closed at C$14.05.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AP.UN. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and cut their price objective for the company from C$14.75 to C$14.00 in a report on Tuesday, December 2nd. National Bankshares raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and dropped their target price for the company from C$14.00 to C$13.00 in a research report on Monday, December 1st. Canaccord Genuity Group reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Canadian Imperial Bank of Commerce lowered their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.75 and set a “sector perform” rating for the company in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allied Properties Real Estate Investment Trust has a consensus rating of “Hold” and a consensus price target of C$15.28.

Allied Properties Real Estate Investment Trust Trading Down 26.9%

The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The company has a market cap of C$1.44 billion, a PE ratio of -2.50 and a beta of 1.65. The company has a fifty day simple moving average of C$13.69 and a two-hundred day simple moving average of C$16.26.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) earnings per share (EPS) for the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%. The company had revenue of C$148.77 million during the quarter. Analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current year.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal. Allied Properties derives nearly all of its income in the form of rental revenue from tenants in its properties. The majority of this revenue comes from its assets located in Central Canada.