Allied Properties Real Estate Investment Trust (APYRF) Receives a Buy from CIBC

By Austin Angelo

CIBC analyst Chris Couprie maintained a Buy rating on Allied Properties Real Estate Investment Trust (APYRFResearch Report) on December 4 and set a price target of C$56.00. The company’s shares closed last Monday at $40.30, close to its 52-week high of $41.05.

According to TipRanks.com, Couprie is a 4-star analyst with an average return of 13.0% and a 80.0% success rate. Couprie covers the Financial sector, focusing on stocks such as NorthWest Healthcare Properties REIT, Summit Industrial Income REIT, and Invesque.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allied Properties Real Estate Investment Trust with a $42.53 average price target.

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The company has a one-year high of $41.05 and a one-year low of $32.43. Currently, Allied Properties Real Estate Investment Trust has an average volume of 360.

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Allied Properties Real Estate Investment Trust engages in owning, management, and development of urban office environments. It offers services such as rental overview and search, available space, and tenant profile. The company was founded on October 25, 2002 and is headquartered in Toronto, Canada.