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

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

A number of equities research analysts have weighed in on the stock. Scotiabank cut shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a report on Friday, October 31st. National Bankshares raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a research report on Monday, December 1st. Raymond James Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research report on Monday, December 1st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Monday, November 3rd. Finally, Desjardins downgraded Allied Properties Real Estate Investment Trust to a “sell” rating in a report on Monday, September 15th.

Allied Properties Real Estate Investment Trust Trading Up 0.4%

Shares of Allied Properties Real Estate Investment Trust stock opened at $9.65 on Friday. Allied Properties Real Estate Investment Trust has a 1 year low of $8.88 and a 1 year high of $15.91. The company has a 50-day moving average of $10.37 and a 200 day moving average of $12.35.

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.