Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Trading 1.9% Higher – Time to Buy?

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) shot up 1.9% on Monday . The stock traded as high as $10.49 and last traded at $10.49. Approximately 85,382 shares traded hands during mid-day trading, an increase of 153% from the average daily volume of 33,811 shares. The stock had previously closed at $10.29.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APYRF. TD Securities downgraded Allied Properties Real Estate Investment Trust to a “hold” rating in a report on Thursday, October 30th. Scotiabank downgraded shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 31st. Royal Bank Of Canada restated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a report on Monday, November 3rd. National Bankshares upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a report on Monday, December 1st. Finally, Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a report on Monday, December 1st. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Allied Properties Real Estate Investment Trust Trading Up 1.9%

The stock’s 50-day simple moving average is $9.66 and its two-hundred day simple moving average is $12.13.

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.