Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF – Get Rating) has earned an average rating of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $51.50.
A number of research firms recently commented on APYRF. Canaccord Genuity Group cut shares of Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Scotiabank lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$53.00 to C$52.50 in a research note on Friday, February 4th. Finally, National Bank Financial lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$52.00 to C$51.00 in a research note on Thursday, February 3rd.
APYRF stock opened at $35.15 on Tuesday. The firm has a 50 day moving average of $36.08 and a 200 day moving average of $34.95. Allied Properties Real Estate Investment Trust has a 52 week low of $31.41 and a 52 week high of $38.46.
Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.
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