Short Interest in Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Decreases By 24.9%

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRFGet Rating) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 393,900 shares, a decline of 24.9% from the August 15th total of 524,500 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 358.1 days.

Allied Properties Real Estate Investment Trust Stock Down 1.3 %

Shares of APYRF stock opened at $23.60 on Friday. The business’s fifty day moving average price is $25.27 and its 200 day moving average price is $29.91. Allied Properties Real Estate Investment Trust has a 1-year low of $23.30 and a 1-year high of $38.46.

Wall Street Analyst Weigh In

APYRF has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on Allied Properties Real Estate Investment Trust from C$43.00 to C$42.00 in a report on Friday, July 29th. Scotiabank dropped their price objective on Allied Properties Real Estate Investment Trust from C$47.25 to C$46.00 in a report on Friday, July 29th. National Bank Financial dropped their price objective on Allied Properties Real Estate Investment Trust from C$51.00 to C$36.50 in a report on Wednesday, July 20th. Finally, Canaccord Genuity Group raised Allied Properties Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$39.50 price objective on the stock in a report on Friday, July 29th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Allied Properties Real Estate Investment Trust presently has a consensus rating of “Buy” and a consensus target price of $46.13.

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 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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