Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Given Average Rating of “Hold” by Analysts

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

A number of equities research analysts recently weighed in on the stock. TD Securities restated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday, February 19th. Desjardins restated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce restated 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 $7.10 on Tuesday. Allied Properties Real Estate Investment Trust has a 1 year low of $6.46 and a 1 year high of $15.91. The firm has a fifty day moving average of $7.06 and a 200-day moving average of $8.57.

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.