Desjardins Upgrades Allied Properties Real Estate Investment Trust (TSE:AP) to Hold

Allied Properties Real Estate Investment Trust (TSE:AP) was upgraded by stock analysts at Desjardins from a “strong sell” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Scotiabank lowered shares of Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. TD Securities lowered Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Raymond James Financial raised Allied Properties Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Allied Properties Real Estate Investment Trust Price Performance

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries.