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

Allied Properties Real Estate Investment (OTCMKTS:APYRF) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $50.08.

APYRF has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of Allied Properties Real Estate Investment from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, May 1st. TD Securities upgraded shares of Allied Properties Real Estate Investment from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Canaccord Genuity upgraded shares of Allied Properties Real Estate Investment from a “hold” rating to a “buy” rating and set a $51.50 price target for the company in a report on Friday, May 1st. Raymond James restated a “buy” rating and set a $45.00 target price on shares of Allied Properties Real Estate Investment in a report on Wednesday, March 18th. Finally, BMO Capital Markets dropped their target price on shares of Allied Properties Real Estate Investment from $53.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, May 1st.

Allied Properties Real Estate Investment stock remained flat at $$30.65 during trading hours on Friday. 50 shares of the company’s stock were exchanged, compared to its average volume of 2,455. Allied Properties Real Estate Investment has a 52 week low of $24.34 and a 52 week high of $43.25. The company’s 50-day moving average price is $29.33 and its 200 day moving average price is $35.28.

About Allied Properties Real Estate Investment

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.

Further Reading: Earnings Per Share

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

Receive News & Ratings for Allied Properties Real Estate Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Properties Real Estate Investment and related companies with MarketBeat.com's FREE daily email newsletter.