Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Given Consensus Recommendation of “Reduce” by Analysts

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has been assigned an average recommendation of “Reduce” from the seven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company.

A number of analysts have commented on the company. National Bank Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a research report on Monday, December 1st. TD Securities restated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, February 19th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday, February 19th. Finally, Raymond James Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research report on Monday, December 1st.

Allied Properties Real Estate Investment Trust Price Performance

APYRF stock opened at $6.46 on Thursday. Allied Properties Real Estate Investment Trust has a twelve month low of $6.46 and a twelve month high of $15.91. The business’s 50-day simple moving average is $8.98 and its 200 day simple moving average is $10.96.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a Canada-based real estate investment trust that owns, develops and manages urban office environments in key metropolitan markets. Established in 2003, the trust focuses on acquiring and revitalizing centrally located office buildings, with an emphasis on preserving historic and architecturally significant properties. Allied Properties REIT is listed on the Toronto Stock Exchange and its units trade in the United States on the OTC Markets under the symbol APYRF.

The company’s portfolio comprises primarily low-rise and mid-rise office buildings situated in major urban business districts, including Toronto’s downtown core and select properties in Montréal, Ottawa and Vancouver.