Allied Properties Real Estate Investment Trust (TSE:AP.UN) Trading Down 27.5% – Here’s What Happened

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price was down 27.5% during mid-day trading on Wednesday . The stock traded as low as C$10.00 and last traded at C$10.19. Approximately 5,352,093 shares traded hands during mid-day trading, an increase of 696% from the average daily volume of 672,646 shares. The stock had previously closed at C$14.05.

Allied Properties Real Estate Investment Trust News Roundup

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

Several equities analysts have weighed in on AP.UN shares. National Bank Financial raised shares of 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 report on Monday, December 1st. Canaccord Genuity Group lowered their target price on shares of 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 note on Friday, October 31st. Scotiabank dropped their target price 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 report on Thursday, December 4th. Royal Bank Of Canada decreased their price target 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 report on Friday, October 31st. Finally, Desjardins upgraded Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and lowered their price objective for the company from C$12.50 to C$9.50 in a research report on Friday. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Allied Properties Real Estate Investment Trust has an average rating of “Hold” and a consensus price target of C$14.53.

Allied Properties Real Estate Investment Trust Stock Up 3.6%

The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$1.33 billion, a PE ratio of -2.31 and a beta of 1.65. The company’s 50 day moving average is C$13.49 and its two-hundred day moving average is C$16.11.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) EPS for the quarter. The company had revenue of C$148.77 million 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%. On average, analysts anticipate 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.