Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Receives Average Recommendation of “Hold” from Brokerages
Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF – Get Rating) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.06.
A number of equities research analysts have recently commented on the company. TD Securities increased their target price on Choice Properties Real Estate Investment Trust from C$16.00 to C$16.50 in a research note on Monday, May 2nd. BMO Capital Markets increased their target price on Choice Properties Real Estate Investment Trust from C$15.50 to C$16.00 in a research note on Friday, April 29th. Finally, National Bank Financial increased their target price on Choice Properties Real Estate Investment Trust from C$15.50 to C$16.00 in a research note on Wednesday, April 27th.
Shares of PPRQF stock opened at $11.46 on Friday. The business’s fifty day moving average is $12.08 and its 200 day moving average is $11.78. Choice Properties Real Estate Investment Trust has a twelve month low of $10.95 and a twelve month high of $12.63.
About Choice Properties Real Estate Investment Trust (Get Rating)
Choice Properties, Canada’s preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 725 properties totaling 66.1 million square feet of gross leasable area. Choice Properties owns a portfolio comprised of retail properties predominantly leased to necessity-based tenants; industrial, office and residential assets concentrated in attractive markets; and offers an impressive and substantial development pipeline.
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