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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) dropped 27.8% during mid-day trading on Thursday . The stock traded as low as C$10.00 and last traded at C$10.14. Approximately 9,155,955 shares traded 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.

Allied Properties Real Estate Investment Trust News Summary

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

AP.UN has been the subject of a number of research reports. Desjardins upgraded Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and lowered their target price for the stock from C$12.50 to C$9.50 in a report on Friday. TD Securities cut their target price on Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating on the stock in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce decreased their price target 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. 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, Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and decreased their target price for the company from C$14.75 to C$14.00 in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Allied Properties Real Estate Investment Trust currently has a consensus rating of “Hold” and an average price target of C$14.53.

Allied Properties Real Estate Investment Trust Trading Up 3.6%

The company has a market cap of C$1.33 billion, a P/E ratio of -2.31 and a beta of 1.65. The business’s 50-day moving average price is C$13.49 and its 200 day moving average price is C$16.11. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported C($7.93) earnings per share (EPS) for the quarter. The firm had revenue of C$148.77 million during 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%. As a group, analysts expect that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share 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.