Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Down 27.8% – Time to Sell?

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s stock price was down 27.8% during mid-day trading on Wednesday . The stock traded as low as C$10.00 and last traded at C$10.14. Approximately 9,155,955 shares changed hands during trading, an increase of 906% from the average daily volume of 909,716 shares. The stock had previously closed at C$14.05.

Key Headlines Impacting Allied Properties Real Estate Investment Trust

Here are the key news stories impacting Allied Properties Real Estate Investment Trust this week:

• Positive Sentiment: Management announced a roughly C$500-million equity raise intended to pay down debt, which should reduce leverage and near‑term refinancing risk. Read More.
• Neutral Sentiment: Trading in AP.UN was halted by the industry regulator (IIROC) while material news was disclosed — a typical procedural step that preceded the public filings and can increase short‑term volatility once resumed. Read More.
• Negative Sentiment: Q4 results showed a large per‑share loss (C($7.93)) and an 89.9% negative net margin; these weak operating results and negative ROE underscore near-term profitability and cash‑flow pressure. Read More.
• Negative Sentiment: The founder/longtime leader is stepping down as part of the leadership update, adding governance and execution uncertainty at a sensitive time for the REIT. Read More.

Analyst Upgrades and Downgrades

AP.UN has been the topic of several research reports. Canaccord Genuity Group dropped their target price on 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 reduced their price target on Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating for the company in a report on Monday, November 3rd. National Bank Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and lowered their price target for the company from C$14.00 to C$13.00 in a research note on Monday, December 1st. Royal Bank Of Canada cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Desjardins reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$15.50 and set a “sell” rating for the company in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Allied Properties Real Estate Investment Trust presently has an average rating of “Hold” and an average target price of C$15.28.

Allied Properties Real Estate Investment Trust Price Performance

The stock has a 50 day moving average of C$13.69 and a two-hundred day moving average of C$16.26. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The firm has a market capitalization of C$1.42 billion, a P/E ratio of -2.47 and a beta of 1.65.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported C($7.93) 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 for the quarter. Sell-side analysts predict that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current fiscal 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.