TD Securities analyst Jonathan Kelcher downgraded Allied Properties (APYRF) to Hold from Buy with a price target of C$16, down from C$20. The firm cites the expected distribution cut, slower occupancy gains despite improving market fundamentals, and the company’s disposition program occurring at a slower pace for the downgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APYRF:
- Allied Properties downgraded to Sector Perform from Outperform at Scotiabank
- Allied Properties REIT Reports Q3 2025 Earnings
- Allied Properties downgraded to Hold from Buy at TD Securities
- Optimistic Buy Rating for Allied Properties REIT Amid Market Challenges and Potential Upswing
- Allied Properties Reports Q3 Results Amid Strategic Portfolio Optimization