Allied Properties Real Estate Investment Trust (TSE:AP.UN) Shares Down 27.8% – Should You Sell?

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) traded down 27.8% on Thursday . The company traded as low as C$10.00 and last traded at C$10.14. 9,155,955 shares were traded 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 Allied Properties Real Estate Investment Trust News

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

Several research firms have commented on AP.UN. 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 for the company in a report on Monday, November 3rd. Royal Bank Of Canada lowered their price objective on 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. Canaccord Genuity Group cut their target price on Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Desjardins raised Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and reduced their target price for the stock from C$12.50 to C$9.50 in a research report on Friday. Finally, Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and lowered their price target for the company from C$14.75 to C$14.00 in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Allied Properties Real Estate Investment Trust has a consensus rating of “Hold” and an average target price of C$14.53.

Allied Properties Real Estate Investment Trust Stock Performance

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 firm has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -2.31 and a beta of 1.65. The stock has a fifty day moving average price of C$13.49 and a 200-day moving average price of C$16.11.

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 during the quarter. As a group, analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share 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.