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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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