Analyst Jonathan Kelcher from TD Cowen has reaffirmed a Buy rating for Allied Properties Real Estate Investment Trust (APYRF), raising the price target to C$20.00. Kelcher’s optimism stems from anticipated steady occupancy growth and strong cash flow, indicating robust demand and financial health. Similarly, Scotiabank also maintains a Buy rating with a price target of C$21.75. Over the past six months, APYRF’s stock price has increased slightly from $12.574 to $12.870. Allied Properties focuses on urban office environments across Canada, generating revenue primarily from tenants in sectors such as IT, banking, and telecommunications.