Desjardins Upgrades Allied Properties Real Estate Investment Trust (TSE:AP) to “Hold”

Allied Properties Real Estate Investment Trust (TSE:AP) was upgraded by equities research analysts at Desjardins from a “strong sell” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Raymond James Financial upgraded shares of Allied Properties Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. TD Securities lowered Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Scotiabank lowered shares of Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust Company Profile

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries.