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

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) have been assigned an average rating of “Reduce” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company.

APYRF has been the subject of several recent research reports. Scotiabank cut shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 31st. TD Securities cut shares of Allied Properties Real Estate Investment Trust to a “hold” rating in a research note on Thursday, October 30th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Monday, November 3rd. Desjardins downgraded Allied Properties Real Estate Investment Trust to a “sell” rating in a report on Monday, September 15th. Finally, Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research report on Monday, December 1st.

Allied Properties Real Estate Investment Trust Stock Performance

APYRF opened at $9.57 on Friday. The company’s 50 day moving average is $10.59 and its 200-day moving average is $12.39. Allied Properties Real Estate Investment Trust has a 1-year low of $8.88 and a 1-year high of $15.91.

About Allied Properties Real Estate Investment Trust

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.