Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Stock Price Up 0.1% – Still a Buy?

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) traded up 0.1% during trading on Tuesday . The stock traded as high as $9.58 and last traded at $9.56. 19,615 shares changed hands during trading, a decline of 57% from the average session volume of 45,252 shares. The stock had previously closed at $9.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Scotiabank lowered 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. Desjardins downgraded Allied Properties Real Estate Investment Trust to a “sell” rating in a research report on Monday, September 15th. Raymond James Financial upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research note on Monday, December 1st. National Bankshares upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a research note on Monday, December 1st. Finally, TD Securities lowered Allied Properties Real Estate Investment Trust to a “hold” rating in a report on Thursday, October 30th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Allied Properties Real Estate Investment Trust Stock Up 0.1%

The company has a 50 day moving average of $10.84 and a 200-day moving average of $12.44.

Allied Properties Real Estate Investment Trust Company Profile

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.