Allied Properties Real Estate Investment Trust (TSE:AP.UN) Trading Down 25.2% – Here’s What Happened

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price fell 25.2% during mid-day trading on Wednesday . The company traded as low as C$10.41 and last traded at C$10.51. 2,383,293 shares were traded during mid-day trading, an increase of 289% from the average session volume of 612,796 shares. The stock had previously closed at C$14.05.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Desjardins upgraded shares of Allied Properties Real Estate Investment Trust from a “sell” rating to a “hold” rating and reduced their price objective for the company from C$12.50 to C$9.50 in a report on Friday. Canaccord Genuity Group dropped their target price on Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating on the stock in a report on Friday, October 31st. National Bank Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and cut their price target for the company from C$14.00 to C$13.00 in a research note on Monday, December 1st. Raymond James Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating and decreased their price target for the stock from C$14.75 to C$14.00 in a report on Tuesday, December 2nd. Finally, 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 report on Friday, October 31st. One equities 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.com, the company currently has an average rating of “Hold” and a consensus target price of C$14.53.

Allied Properties Real Estate Investment Trust Stock Up 3.6%

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

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) earnings per share 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, sell-side analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current 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.