Short Interest in Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF) Declines By 65.1%

Allied Properties Real Estate Investment Trust (OTCMKTS:APYRF – Get Rating) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 135,600 shares, a decline of 65.1% from the April 30th total of 388,300 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 79.8 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on APYRF shares. National Bank Financial reduced their price objective on Allied Properties Real Estate Investment Trust from C$32.25 to C$27.25 in a research report on Tuesday, April 18th. Raymond James reduced their price objective on Allied Properties Real Estate Investment Trust from C$36.50 to C$29.00 in a research report on Tuesday, May 2nd. CIBC downgraded Allied Properties Real Estate Investment Trust from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 13th. Royal Bank of Canada reduced their price objective on Allied Properties Real Estate Investment Trust from C$37.00 to C$32.00 in a research report on Friday, April 28th. Finally, Desjardins reduced their price objective on Allied Properties Real Estate Investment Trust from C$34.75 to C$31.00 in a research report on Friday, April 28th.

Allied Properties Real Estate Investment Trust Stock Performance

APYRF traded up $0.03 during trading on Friday, reaching $16.59. The stock had a trading volume of 1,060 shares, compared to its average volume of 1,050. Allied Properties Real Estate Investment Trust has a 1-year low of $16.16 and a 1-year high of $30.69. The stock has a 50 day moving average of $17.12 and a two-hundred day moving average of $19.08.

About Allied Properties Real Estate Investment Trust

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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 by Michael R. Emory on October 25, 2002 and is headquartered in Toronto, Canada.