Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Trading Up 0.5% – Here’s Why

Shares of Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) were up 0.5% on Friday . The company traded as high as $11.34 and last traded at $11.34. Approximately 43,287 shares traded hands during trading, an increase of 11% from the average daily volume of 38,972 shares. The stock had previously closed at $11.28.

Analysts Set New Price Targets

A number of analysts recently weighed in on PPRQF shares. BMO Capital Markets restated an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Monday, February 23rd. Royal Bank Of Canada restated a “sector perform” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce upgraded shares of Choice Properties Real Estate Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 30th. Finally, Scotiabank restated an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Choice Properties Real Estate Investment Trust Stock Up 0.5%

The company’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $11.14.

About Choice Properties Real Estate Investment Trust

Choice Properties Real Estate Investment Trust is a Canada-based, open-ended real estate investment trust established in 2012 by Loblaw Companies Limited. It was created to acquire, own, develop and manage a diversified portfolio of retail, industrial and commercial properties across Canada. The Trust’s sponsor relationship with Loblaw provides a steady source of quality tenants, anchored primarily by grocery and pharmacy banners.

The Trust’s core business activities include the leasing of grocery-anchored shopping centres, the ownership of industrial and logistics properties and the strategic development of mixed-use and residential projects.