Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) PT Lowered to C$47.25 at Scotiabank
Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF – Get Rating) had its target price decreased by research analysts at Scotiabank from C$52.50 to C$47.25 in a research report issued to clients and investors on Thursday, The Fly reports.
Several other equities research analysts have also recently weighed in on APYRF. Desjardins lowered their target price on Allied Properties Real Estate Investment Trust from C$50.00 to C$48.00 in a report on Tuesday, May 3rd. National Bank Financial lowered their target price on Allied Properties Real Estate Investment Trust from C$51.00 to C$36.50 in a report on Wednesday. TD Securities lowered their target price on Allied Properties Real Estate Investment Trust from C$53.00 to C$52.00 in a report on Friday, April 29th. Finally, Canaccord Genuity Group cut Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.47.
Allied Properties Real Estate Investment Trust Price Performance
Shares of Allied Properties Real Estate Investment Trust stock opened at $25.79 on Thursday. The stock’s fifty day moving average is $27.82 and its two-hundred day moving average is $32.48. Allied Properties Real Estate Investment Trust has a 52 week low of $24.85 and a 52 week high of $38.46.
Allied Properties Real Estate Investment Trust Company Profile
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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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