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

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating.

A number of brokerages have recently weighed in on APYRF. Desjardins restated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a report on Friday, May 1st. Scotiabank reiterated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, April 16th.

Allied Properties Real Estate Investment Trust Trading Down 1.5%

OTCMKTS APYRF opened at $7.04 on Friday. Allied Properties Real Estate Investment Trust has a 52 week low of $6.46 and a 52 week high of $15.91. The firm has a 50 day moving average of $7.19 and a two-hundred day moving average of $7.61.

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.