Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF – Get Rating) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $50.94.

A number of equities analysts recently commented on the company. Canaccord Genuity Group downgraded Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. TD Securities dropped their price objective on Allied Properties Real Estate Investment Trust from C$53.00 to C$52.00 in a report on Friday, April 29th. Finally, Desjardins lowered their price target on Allied Properties Real Estate Investment Trust from C$50.00 to C$48.00 in a report on Tuesday, May 3rd.

OTCMKTS:APYRF opened at $26.05 on Friday. The stock’s 50 day moving average price is $28.79 and its 200 day moving average price is $33.02. Allied Properties Real Estate Investment Trust has a 52 week low of $24.90 and a 52 week high of $38.46.

Allied Properties Real Estate Investment Trust Company Profile (Get Rating)

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centers in Toronto that form Canada’s hub for global connectivity. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.

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