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

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

Several equities research analysts recently weighed in on APYRF shares. Scotiabank restated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, July 30th. Desjardins reaffirmed a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research note on Friday, May 1st.

Allied Properties Real Estate Investment Trust Stock Down 2.0%

Shares of OTCMKTS:APYRF opened at $6.45 on Thursday. The stock’s 50-day moving average price is $7.04 and its 200-day moving average price is $7.14. Allied Properties Real Estate Investment Trust has a 12-month low of $6.45 and a 12-month 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.