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

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

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

Allied Properties Real Estate Investment Trust Price Performance

Shares of OTCMKTS:APYRF opened at $7.23 on Friday. Allied Properties Real Estate Investment Trust has a 12-month low of $6.46 and a 12-month high of $15.91. The business has a fifty day simple moving average of $7.27 and a 200 day simple moving average of $8.20.

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.