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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) fell 27.3% during mid-day trading on Wednesday . The company traded as low as C$10.16 and last traded at C$10.21. 2,926,038 shares traded hands during mid-day trading, an increase of 347% from the average session volume of 655,213 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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AP.UN. National Bank Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and lowered their target price for the stock from C$14.00 to C$13.00 in a research note on Monday, December 1st. Scotiabank lowered their price objective on 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. Royal Bank Of Canada dropped 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 note on Friday, October 31st. TD Securities decreased their target price on Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating for the company in a research note on Friday, December 12th. Finally, 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. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Allied Properties Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus price target of C$14.53.

Allied Properties Real Estate Investment Trust Price Performance

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

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) earnings per share (EPS) for the quarter. Allied Properties Real Estate Investment Trust had a negative return on equity of 8.01% and a negative net margin of 89.93%.The firm had revenue of C$148.77 million during the quarter. On average, 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.