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

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has been given a consensus rating of “Reduce” by the seven research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company.

Several equities research analysts have recently issued reports on APYRF shares. TD Securities cut shares of Allied Properties Real Estate Investment Trust to a “hold” rating in a research report on Thursday, October 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Monday, November 3rd. Raymond James Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research note on Monday, December 1st. Scotiabank downgraded shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a report on Friday, October 31st. Finally, National Bankshares raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a report on Monday, December 1st.

Allied Properties Real Estate Investment Trust Price Performance

OTCMKTS APYRF opened at $10.32 on Wednesday. Allied Properties Real Estate Investment Trust has a 12 month low of $8.88 and a 12 month high of $15.91. The stock’s 50 day moving average is $9.68 and its 200 day moving average is $12.07.

About Allied Properties Real Estate Investment Trust

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.