Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Given Average Recommendation of “Buy” by Analysts

Shares of Allied Properties Real Estate Investment Trust (OTCMKTS:APYRFGet Rating) have been given a consensus recommendation of “Buy” by the eight brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $46.13.

APYRF has been the subject of a number of recent analyst reports. National Bank Financial reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$51.00 to C$36.50 in a research report on Wednesday, July 20th. BMO Capital Markets reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$43.00 to C$42.00 in a research report on Friday, July 29th. Desjardins reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$50.00 to C$48.00 in a research report on Tuesday, May 3rd. TD Securities reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$53.00 to C$52.00 in a research report on Friday, April 29th. Finally, Canaccord Genuity Group upgraded shares of Allied Properties Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$39.50 price objective for the company in a research report on Friday, July 29th.

Allied Properties Real Estate Investment Trust Trading Up 1.8 %

Shares of APYRF opened at $26.47 on Thursday. Allied Properties Real Estate Investment Trust has a fifty-two week low of $24.85 and a fifty-two week high of $38.46. The firm has a 50-day simple moving average of $27.18 and a 200-day simple moving average of $31.93.

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 centres 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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Analyst Recommendations for Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF)

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