Allied Properties Real Estate Investment Trust (TSE:AP.UN) Trading Down 17.2% on Analyst Downgrade

Core Viewpoint - Allied Properties Real Estate Investment Trust's share price experienced a significant decline of 17.2% following a downgrade in price target by Desjardins from C$18.00 to C$15.50, with a current sell rating on the stock [2][3]. Price Performance - The stock traded as low as C$15.11 and last traded at C$15.26, with a trading volume of 5,780,953 shares, marking an increase of 808% from the average session volume of 636,667 shares [2]. - The previous closing price was C$18.42 [2]. Analyst Ratings and Target Prices - Raymond James Financial reduced their target price from C$18.75 to C$14.75 [3]. - Royal Bank Of Canada lowered their target price from C$18.00 to C$16.00 [3]. - National Bankshares downgraded the stock from "sector perform" to "underperform" and increased their target price from C$16.00 to C$17.00 [3]. - TD Securities downgraded the stock from "buy" to "hold" and reduced their target price from C$20.00 to C$16.00 [3]. - Canaccord Genuity Group lowered their target price from C$22.00 to C$18.00 while maintaining a "buy" rating [3]. - The current average rating for the stock is "Reduce" with an average target price of C$16.72 [3]. Company Financials - Allied Properties Real Estate Investment Trust has a market capitalization of C$2.07 billion [4][5]. - The company has a P/E ratio of -3.60 and a beta of 1.50 [4][5]. - The fifty-day moving average is C$19.48, and the 200-day moving average is C$17.62 [4][5]. - The debt-to-equity ratio stands at 71.71, with a quick ratio of 0.12 and a current ratio of 0.45 [4][5]. Company Overview - Allied Properties Real Estate Investment Trust is engaged in the development, management, and ownership of primarily urban office environments across major cities in Canada, with a significant portion of its real estate portfolio located in Toronto and Montreal [6].