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

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has been assigned an average recommendation of “Reduce” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company.

APYRF has been the subject of a number of research reports. Scotiabank lowered Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a report on Friday, October 31st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a report on Monday, November 3rd. National Bank Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a research report on Monday, December 1st. 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. Finally, TD Securities downgraded shares of Allied Properties Real Estate Investment Trust to a “hold” rating in a research report on Thursday, October 30th.

Allied Properties Real Estate Investment Trust Trading Up 3.3%

OTCMKTS:APYRF opened at $6.95 on Friday. Allied Properties Real Estate Investment Trust has a twelve month low of $6.73 and a twelve month high of $15.91. The stock has a fifty day simple moving average of $9.82 and a 200-day simple moving average of $11.63.

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.