Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Short Interest Update
Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF – Get Rating) was the target of a significant decline in short interest during the month of May. As of May 31st, there was short interest totaling 581,200 shares, a decline of 21.8% from the May 15th total of 742,800 shares. Based on an average daily trading volume of 200 shares, the short-interest ratio is currently 2,906.0 days.
Allied Properties Real Estate Investment Trust stock opened at $30.69 on Wednesday. The company has a 50-day simple moving average of $32.13 and a 200-day simple moving average of $33.96. Allied Properties Real Estate Investment Trust has a one year low of $26.63 and a one year high of $38.46.
A number of brokerages recently issued reports on APYRF. Desjardins dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$50.00 to C$48.00 in a research note on Tuesday, May 3rd. TD Securities dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$53.00 to C$52.00 in a research note on Friday, April 29th. Finally, Canaccord Genuity Group lowered shares of Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $50.94.
About Allied Properties Real Estate Investment Trust (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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