Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Given Consensus Rating of “Hold” by Analysts

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation.

APYRF has been the topic of a number of recent research reports. Scotiabank reaffirmed a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Thursday. Desjardins reiterated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Thursday, April 16th.

Allied Properties Real Estate Investment Trust Price Performance

Shares of APYRF stock opened at $7.04 on Friday. The firm has a 50 day moving average of $7.19 and a two-hundred day moving average of $7.61. Allied Properties Real Estate Investment Trust has a 52 week low of $6.46 and a 52 week high of $15.91.

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.