Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Stock Price Down 3% – Here’s Why

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF)’s stock price dropped 3% during mid-day trading on Tuesday . The stock traded as low as $15.08 and last traded at $15.44. Approximately 9,800 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 38,031 shares. The stock had previously closed at $15.91.

Analysts Set New Price Targets

APYRF has been the subject of several research analyst reports. National Bankshares restated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Tuesday, July 15th. Desjardins cut Allied Properties Real Estate Investment Trust to a “sell” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Allied Properties Real Estate Investment Trust Price Performance

The stock has a 50-day moving average price of $13.92 and a 200 day moving average price of $12.49.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.