Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Trading Up 1.9% – What’s Next?

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) shares were up 1.9% on Monday . The stock traded as high as $10.49 and last traded at $10.49. Approximately 85,382 shares changed hands during mid-day trading, an increase of 153% from the average daily volume of 33,811 shares. The stock had previously closed at $10.29.

Analyst Ratings Changes

Several research firms recently commented on APYRF. TD Securities cut shares of Allied Properties Real Estate Investment Trust to a “hold” rating in a research note on Thursday, October 30th. Raymond James Financial raised shares of Allied Properties Real Estate Investment Trust from an “underperform” rating to a “market perform” rating in a research report on Monday, December 1st. Scotiabank cut shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 31st. Desjardins lowered Allied Properties Real Estate Investment Trust to a “sell” rating in a research note on Monday, September 15th. Finally, National Bankshares upgraded Allied Properties Real Estate Investment Trust from an “underperform” rating to a “sector perform” rating in a research report on Monday, December 1st. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of “Reduce”.

Allied Properties Real Estate Investment Trust Trading Up 1.9%

The firm’s 50-day moving average price is $9.66 and its two-hundred day moving average price is $12.13.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a Canada-based real estate investment trust that owns, develops and manages urban office environments in key metropolitan markets. Established in 2003, the trust focuses on acquiring and revitalizing centrally located office buildings, with an emphasis on preserving historic and architecturally significant properties. Allied Properties REIT is listed on the Toronto Stock Exchange and its units trade in the United States on the OTC Markets under the symbol APYRF.

The company’s portfolio comprises primarily low-rise and mid-rise office buildings situated in major urban business districts, including Toronto’s downtown core and select properties in Montréal, Ottawa and Vancouver.