BMO Capital Markets Increases Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Price Target to C$16.00

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF – Get Rating) had its price objective lifted by equities research analysts at BMO Capital Markets from C$15.50 to C$16.00 in a report issued on Friday, The Fly reports.

Separately, National Bank Financial upped their target price on Choice Properties Real Estate Investment Trust from C$15.50 to C$16.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.94.

Shares of OTCMKTS PPRQF opened at $11.99 on Friday. Choice Properties Real Estate Investment Trust has a twelve month low of $11.04 and a twelve month high of $12.63. The business’s 50 day moving average price is $12.16 and its two-hundred day moving average price is $11.84.

Choice Properties Real Estate Investment Trust Company Profile (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.

Further Reading