Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Given Average Recommendation of “Reduce” by Analysts

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

A number of research firms recently issued reports on APYRF. TD Securities reiterated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, February 19th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday, April 16th.

Allied Properties Real Estate Investment Trust Trading Down 1.1%

Allied Properties Real Estate Investment Trust stock opened at $7.52 on Friday. Allied Properties Real Estate Investment Trust has a 12-month low of $6.46 and a 12-month high of $15.91. The firm’s fifty day moving average is $6.98 and its 200 day moving average is $9.31.

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.