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

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Shares of Allied Properties Real Estate Investment (OTCMKTS:APYRF) have been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.21.

A number of research analysts recently issued reports on APYRF shares. Scotiabank decreased their price objective on shares of Allied Properties Real Estate Investment from $55.00 to $53.50 and set an “outperform” rating on the stock in a research note on Thursday, September 3rd. BMO Capital Markets decreased their target price on shares of Allied Properties Real Estate Investment from $52.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, June 29th. TD Securities raised shares of Allied Properties Real Estate Investment from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Goldman Sachs Group assumed coverage on shares of Allied Properties Real Estate Investment in a research note on Tuesday, September 1st. They set a “buy” rating on the stock. Finally, CIBC decreased their target price on shares of Allied Properties Real Estate Investment from $49.00 to $46.50 and set an “outperform” rating on the stock in a research note on Thursday, September 3rd.

OTCMKTS:APYRF remained flat at $$27.36 during mid-day trading on Monday. 30 shares of the company were exchanged, compared to its average volume of 2,080. The business has a 50 day simple moving average of $28.86 and a 200-day simple moving average of $29.83. Allied Properties Real Estate Investment has a fifty-two week low of $24.34 and a fifty-two week high of $43.25.

Allied Properties Real Estate Investment Company Profile

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 (OTCMKTS:APYRF)

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