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

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

APYRF has been the subject of a number of recent research reports. Scotiabank restated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, July 30th. Desjardins reiterated 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 Trading Down 2.0%

APYRF opened at $6.45 on Thursday. The stock has a 50-day moving average price of $7.04 and a 200-day moving average price of $7.14. Allied Properties Real Estate Investment Trust has a 12-month low of $6.45 and a 12-month 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.