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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) fell 27.8% on Thursday . The company traded as low as C$10.00 and last traded at C$10.14. 9,155,955 shares changed hands during trading, an increase of 906% from the average session volume of 909,716 shares. The stock had previously closed at C$14.05.

Key Stories Impacting Allied Properties Real Estate Investment Trust

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

• Positive Sentiment: Desjardins upgraded Allied from “sell” to “hold” and set a C$9.50 price target (down from C$12.50), signaling some stabilization in analyst stance despite the lower target. Desjardins upgrade to hold
• Neutral Sentiment: The Globe and Mail reports Allied raised about C$560 million via a share sale to pay down debt — this lowers near‑term refinancing/default risk and improves the balance sheet but is dilutive to existing unitholders; the net effect will depend on how much leverage is reduced and on future cash flow/FFO recovery. Allied raises $560‑million in share sale
• Negative Sentiment: Yahoo Finance highlights a roughly 35% price decline tied to the equity raise and a reported leadership shift — the combination prompted a large volume sell‑off as investors priced in dilution, governance/strategy uncertainty, and a re‑rating of the trust. Allied down 35% after equity raise and leadership shift

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AP.UN shares. Royal Bank Of Canada decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. TD Securities reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating on the stock in a report on Friday, December 12th. Scotiabank decreased 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 research report on Thursday, December 4th. National Bank Financial 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 report on Monday, December 1st. Finally, Canadian Imperial Bank of Commerce cut their price target on Allied Properties Real Estate Investment Trust from C$17.00 to C$15.50 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$14.53.

Allied Properties Real Estate Investment Trust Stock Up 3.6%

The firm has a market cap of C$1.33 billion, a PE ratio of -2.31 and a beta of 1.65. 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’s 50-day moving average price is C$13.49 and its two-hundred day moving average price is C$16.11.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last posted its 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 during the quarter. As a group, equities research analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 EPS for the current fiscal year.

About Allied Properties Real Estate Investment Trust

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.