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

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

A number of equities research analysts recently commented on the stock. 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 reissued a “hold” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, February 19th. Finally, Desjardins reissued 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 $7.35 on Tuesday. The firm’s 50 day moving average is $7.13 and its 200 day moving average is $8.44. Allied Properties Real Estate Investment Trust has a 12 month low of $6.46 and a 12 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.