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

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

A number of research analysts recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, April 16th. Finally, Desjardins restated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Friday, May 1st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of APYRF opened at $6.95 on Friday. Allied Properties Real Estate Investment Trust has a 12 month low of $6.46 and a 12 month high of $15.91. The stock’s 50 day moving average is $7.16 and its two-hundred day moving average is $7.49.

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.