Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Receives Average Rating of “Hold” from Brokerages

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold rating.

APYRF has been the subject of a number of research reports. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, April 16th. Desjardins reiterated a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Friday, May 1st.

Allied Properties Real Estate Investment Trust Stock Performance

OTCMKTS:APYRF opened at $7.22 on Wednesday. The company has a 50-day moving average of $7.19 and a 200-day moving average of $7.92. Allied Properties Real Estate Investment Trust has a twelve month low of $6.46 and a twelve month high of $15.91.

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.