Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Stock Rated “Hold” by Sell-Side Analysts

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation.

APYRF has been the topic of several research reports. Scotiabank restated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday, July 30th. Raymond James Financial reaffirmed a “market perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Friday, October 2nd.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of Allied Properties Real Estate Investment Trust stock opened at $4.09 on Friday. The stock’s 50-day moving average is $5.42 and its 200-day moving average is $6.58. Allied Properties Real Estate Investment Trust has a one year low of $3.83 and a one year high of $13.56.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a Canadian real estate investment trust that owns, manages and develops urban office and mixed-use properties. The trust focuses on distinctive, well-located buildings that serve businesses in technology, media, creative and professional industries.

Its portfolio has historically included workspace, retail and other complementary commercial uses, with an emphasis on properties that support dense, connected urban environments. Allied also provides property management and leasing services for tenants occupying its buildings.

Allied was established in 2003 and has operated primarily in major Canadian markets, including Toronto, Montréal, Calgary, Ottawa, Edmonton and Vancouver.