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

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has been assigned a consensus rating of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company.

APYRF has been the topic of several analyst reports. Desjardins cut Allied Properties Real Estate Investment Trust to a “sell” rating in a research report on Monday, September 15th. TD Securities cut Allied Properties Real Estate Investment Trust to a “hold” rating in a research note on Thursday, October 30th. Scotiabank downgraded shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a report on Friday, October 31st. Raymond James Financial upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research note on Monday, December 1st. Finally, National Bankshares upgraded shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a report on Monday, December 1st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of Allied Properties Real Estate Investment Trust stock opened at $9.57 on Friday. Allied Properties Real Estate Investment Trust has a 52 week low of $8.88 and a 52 week high of $15.91. The stock has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $12.39.

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.