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

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation.

Separately, Scotiabank restated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, July 30th.

Allied Properties Real Estate Investment Trust Trading Up 1.0%

Shares of OTCMKTS APYRF opened at $6.06 on Thursday. Allied Properties Real Estate Investment Trust has a 12 month low of $5.99 and a 12 month high of $15.91. The company has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $7.04.

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.