Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Rating Upgraded by Desjardins

Allied Properties Real Estate Investment Trust (TSE:AP.UN) was upgraded by research analysts at Desjardins from a “sell” rating to a “hold” rating in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a C$9.50 target price on the real estate investment trust’s stock, down from their previous target price of C$12.50. Desjardins’ price objective would suggest a potential upside of 0.11% from the stock’s current price.

AP.UN has been the subject of several other research reports. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating and lowered their price target for the stock from C$14.00 to C$13.00 in a research report on Monday, December 1st. TD Securities dropped their target price on 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. Scotiabank cut their target price 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 decreased their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Canaccord Genuity Group dropped their price target 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 report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$14.53.

Allied Properties Real Estate Investment Trust Trading Up 3.6%

AP.UN stock opened at C$9.49 on Friday. 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 has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -2.31 and a beta of 1.65. Allied Properties Real Estate Investment Trust has a twelve month low of C$9.13 and a twelve month high of C$22.27. The firm’s fifty day simple moving average is C$13.49 and its two-hundred day simple moving average is C$16.10.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported C($7.93) earnings per share (EPS) for the quarter. The firm had revenue of C$148.77 million 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%. As a group, analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.8404851 earnings per share for the current year.

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

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.