In a report released yesterday, Frederic Blondeau from Echelon Wealth Partners maintained a Hold rating on Allied Properties Real Estate Investment Trust (APYRF), with a price target of C$53.00. The company’s shares closed last Monday at $40.30, close to its 52-week high of $41.05.
According to TipRanks.com, Blondeau is a 3-star analyst with an average return of 4.8% and a 71.9% success rate. Blondeau covers the Financial sector, focusing on stocks such as NorthWest Healthcare Properties REIT, Dream Global Real Estate Investment, and Cominar Real Estate Investment.
Currently, the analyst consensus on Allied Properties Real Estate Investment Trust is a Moderate Buy with an average price target of $42.76.
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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.
