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Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Receives Consensus Recommendation of “Buy” from Analysts



Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF – Get Rating) has earned an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $50.94.

A number of brokerages have recently weighed in on APYRF. Scotiabank reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$53.00 to C$52.50 in a research report on Friday, February 4th. Canaccord Genuity Group cut shares of Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. National Bank Financial cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$52.00 to C$51.00 in a research report on Thursday, February 3rd. TD Securities cut 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, Desjardins cut 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.

Shares of APYRF stock opened at $29.35 on Friday. Allied Properties Real Estate Investment Trust has a 52-week low of $29.35 and a 52-week high of $38.46. The firm’s 50 day moving average price is $34.53 and its two-hundred day moving average price is $34.54.

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



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