Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Sees Significant Decline in Short Interest

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 146,700 shares, a decline of 37.0% from the August 15th total of 232,800 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 112.8 days.

Analyst Upgrades and Downgrades

APYRF has been the subject of several analyst reports. National Bank Financial decreased their price objective on Allied Properties Real Estate Investment Trust from C$27.25 to C$24.00 in a report on Tuesday, July 18th. Scotiabank decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$31.00 to C$30.50 in a research report on Friday, July 28th. Raymond James cut their price target on Allied Properties Real Estate Investment Trust from C$29.00 to C$26.50 in a research note on Thursday, June 22nd. Finally, Royal Bank of Canada lowered their price target on Allied Properties Real Estate Investment Trust from C$32.00 to C$27.00 in a research report on Friday, July 28th.

Allied Properties Real Estate Investment Trust Stock Performance

OTCMKTS APYRF opened at $15.44 on Friday. Allied Properties Real Estate Investment Trust has a 1-year low of $14.88 and a 1-year high of $23.50. The stock’s 50 day simple moving average is $15.91 and its 200-day simple moving average is $16.80.

Allied Properties Real Estate Investment Trust Company Profile

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.