Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) have received an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating.

APYRF has been the subject of a number of recent research reports. Desjardins reissued a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday, April 16th.

Allied Properties Real Estate Investment Trust Price Performance

Shares of APYRF opened at $7.16 on Friday. The firm has a 50 day simple moving average of $7.30 and a 200-day simple moving average of $8.12. Allied Properties Real Estate Investment Trust has a 1-year low of $6.46 and a 1-year high of $15.91.

Allied Properties Real Estate Investment Trust Company Profile

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.