Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Given Average Rating of “Buy” by Brokerages

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRFGet Rating) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $46.13.

A number of equities research analysts have recently issued reports on APYRF shares. Scotiabank cut their price target on shares of Allied Properties Real Estate Investment Trust from C$47.25 to C$46.00 in a report on Friday, July 29th. Canaccord Genuity Group upgraded shares of Allied Properties Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$39.50 price target on the stock in a report on Friday, July 29th. National Bank Financial cut their price target on shares of Allied Properties Real Estate Investment Trust from C$51.00 to C$36.50 in a report on Wednesday, July 20th. Finally, BMO Capital Markets cut their price target on shares of Allied Properties Real Estate Investment Trust from C$43.00 to C$42.00 in a report on Friday, July 29th.

Allied Properties Real Estate Investment Trust Trading Down 3.9 %

OTCMKTS APYRF opened at $20.99 on Friday. The company’s 50 day simple moving average is $24.94 and its 200 day simple moving average is $29.44. Allied Properties Real Estate Investment Trust has a 12 month low of $20.99 and a 12 month high of $38.46.

About Allied Properties Real Estate Investment Trust

(Get Rating)

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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Analyst Recommendations for Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF)

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