Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Receives $16.06 Average Target Price from Analysts

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF – Get Rating) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.06.

Several analysts have issued reports on the company. BMO Capital Markets upped their price objective on Choice Properties Real Estate Investment Trust from C$15.50 to C$16.00 in a research note on Friday, April 29th. TD Securities upped their price objective on Choice Properties Real Estate Investment Trust from C$16.00 to C$16.50 in a research note on Monday, May 2nd. Finally, National Bank Financial upped their price objective on Choice Properties Real Estate Investment Trust from C$15.50 to C$16.00 in a research note on Wednesday, April 27th.

OTCMKTS:PPRQF opened at $10.55 on Thursday. Choice Properties Real Estate Investment Trust has a one year low of $10.19 and a one year high of $12.63. The business’s 50-day simple moving average is $11.54 and its 200 day simple moving average is $11.68.

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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