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

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) have been given an average recommendation of “Reduce” by the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company.

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Monday, November 3rd. Raymond James Financial raised Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a report on Monday, December 1st. National Bankshares upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a report on Monday, December 1st. TD Securities downgraded shares of Allied Properties Real Estate Investment Trust to a “hold” rating in a research note on Thursday, October 30th. Finally, Scotiabank cut shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 31st.

Allied Properties Real Estate Investment Trust Trading Down 2.5%

Shares of APYRF opened at $10.35 on Friday. Allied Properties Real Estate Investment Trust has a one year low of $8.88 and a one year high of $15.91. The company’s fifty day moving average price is $9.92 and its 200 day moving average price is $11.79.

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.