Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF – Get Free Report)’s stock price dropped 0.3% during mid-day trading on Tuesday . The stock traded as low as $11.78 and last traded at $11.78. Approximately 32,583 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 59,317 shares. The stock had previously closed at $11.81.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Choice Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 27th. 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 report 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. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Stock Analysis on PPRQF
Choice Properties Real Estate Investment Trust Stock Performance
Choice Properties Real Estate Investment Trust Company Profile
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.
Further Reading
- Five stocks we like better than Choice Properties Real Estate Investment Trust
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for Choice Properties Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Properties Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
