Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 10,473,245 shares, a growth of 56.2% from the July 30th total of 6,703,490 shares. Based on an average daily volume of 71,307 shares, the short-interest ratio is currently 146.9 days.
Wall Street Analyst Weigh In
Several brokerages have commented on PPRQF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Friday, July 24th. Royal Bank Of Canada upgraded Choice Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.
Get Our Latest Analysis on PPRQF
Choice Properties Real Estate Investment Trust Price Performance
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.
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