Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF – Get Free Report)’s share price was down 6.7% on Wednesday . The company traded as low as $7.00 and last traded at $7.1020. Approximately 453,310 shares traded hands during trading, an increase of 579% from the average daily volume of 66,769 shares. The stock had previously closed at $7.61.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on APYRF. Desjardins reiterated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, April 16th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday. Seven research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on APYRF
Allied Properties Real Estate Investment Trust Stock Performance
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.
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