Allied Properties Real Estate Investment Trust (APYRF) – What Are Investment Firms Saying About This Stock?

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

Several equities analysts have recently weighed in on APYRF shares. Raymond James Financial restated a “market perform” rating on shares of Allied Properties Real Estate Investment Trust in a research report on Friday, October 2nd. Scotiabank reiterated a “sector perform” rating on shares of Allied Properties Real Estate Investment Trust in a report on Thursday, July 30th.

Allied Properties Real Estate Investment Trust Stock Up 1.2%

OTCMKTS:APYRF opened at $4.08 on Friday. The business’s 50-day moving average price is $5.70 and its 200 day moving average price is $6.67. Allied Properties Real Estate Investment Trust has a 52-week low of $4.00 and a 52-week high of $13.56.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a Canadian real estate investment trust that owns, manages and develops urban office and mixed-use properties. The trust focuses on distinctive, well-located buildings that serve businesses in technology, media, creative and professional industries.

Its portfolio has historically included workspace, retail and other complementary commercial uses, with an emphasis on properties that support dense, connected urban environments. Allied also provides property management and leasing services for tenants occupying its buildings.

Allied was established in 2003 and has operated primarily in major Canadian markets, including Toronto, Montréal, Calgary, Ottawa, Edmonton and Vancouver.