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

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) have received a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company.

APYRF has been the subject of a number of analyst reports. National Bank Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a research note on Monday, December 1st. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday, February 19th. TD Securities reaffirmed a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, February 19th. Finally, Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research note on Monday, December 1st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of OTCMKTS APYRF opened at $6.55 on Monday. Allied Properties Real Estate Investment Trust has a 1 year low of $6.46 and a 1 year high of $15.91. The firm has a 50-day moving average of $8.04 and a 200 day moving average of $10.28.

Allied Properties Real Estate Investment Trust Company Profile

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.