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

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating.

Several brokerages have recently weighed in on APYRF. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, April 16th. TD Securities reaffirmed a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, February 19th. Finally, Desjardins reaffirmed a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a report on Friday, May 1st.

Allied Properties Real Estate Investment Trust Price Performance

OTCMKTS:APYRF opened at $7.16 on Friday. The stock’s 50 day simple moving average is $7.30 and its 200-day simple moving average is $8.15. Allied Properties Real Estate Investment Trust has a 12-month low of $6.46 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.