Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Down 27.8% – What’s Next?

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s stock price was down 27.8% on Thursday . The stock traded as low as C$10.00 and last traded at C$10.14. Approximately 9,155,955 shares changed 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.

Key Stories Impacting Allied Properties Real Estate Investment Trust

Here are the key news stories impacting Allied Properties Real Estate Investment Trust this week:

• Positive Sentiment: Raised capital to reduce leverage — Allied is pursuing an equity financing (reported as roughly C$500M in media reports) specifically to pay down debt, which should lower refinancing risk and improve the balance sheet. Allied Property REIT raising $500-million to pay down debt
• Neutral Sentiment: Regulatory trading halt — Canadian Investment Regulatory Organization (CIRO) placed AP.UN under a trading halt while material disclosures were announced; this pause delayed price discovery but is procedural ahead of the filings. Canadian Investment Regulatory Organization Trading Halt – AP.UN
• Negative Sentiment: Weak Q4 results — Allied reported a C($7.93) EPS for the quarter with revenue of C$148.8M, a negative net margin (~‑90%) and negative ROE, signaling operational/valuation stress and contributing to investor selling. Allied Properties Real Estate Investment Trust quarterly results
• Negative Sentiment: Leadership change — management/leadership updates (including founder stepping down per coverage) raise governance and execution questions during a capital raise and operational turnaround. Allied Reports Q4 and Full-Year Results; Announces Leadership Update and Equity Financing

Wall Street Analysts Forecast Growth

AP.UN has been the topic of a number of research analyst reports. TD Securities cut their price target on shares of Allied Properties Real Estate Investment Trust from C$16.00 to C$14.50 and set a “hold” rating on the stock in a report on Friday, December 12th. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and dropped their target price for the stock from C$14.00 to C$13.00 in a research note on Monday, December 1st. Royal Bank Of Canada reduced their target price 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. Scotiabank lowered their price target 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 report on Thursday, December 4th. Finally, Canaccord Genuity Group reduced their price objective 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. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$15.28.

Allied Properties Real Estate Investment Trust Trading Down 5.0%

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 stock’s 50 day moving average price is C$13.63 and its 200-day moving average price is C$16.22. The stock has a market capitalization of C$1.35 billion, a P/E ratio of -2.35 and a beta of 1.65.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) EPS for the quarter. The business had revenue of C$148.77 million during 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%. As a group, equities research 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.