Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Given New C$16.50 Price Target at TD Securities

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQFGet Rating) had its target price boosted by investment analysts at TD Securities from C$16.00 to C$16.50 in a report issued on Monday, The Fly reports.

Several other research analysts have also issued reports on PPRQF. National Bank Financial increased their price target on shares of Choice Properties Real Estate Investment Trust from C$15.50 to C$16.00 in a research report on Wednesday, April 27th. BMO Capital Markets upped their price objective on shares of Choice Properties Real Estate Investment Trust from C$15.50 to C$16.00 in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

Shares of PPRQF traded down $0.14 during trading hours on Monday, reaching $11.99. 9,300 shares of the company traded hands, compared to its average volume of 1,273. Choice Properties Real Estate Investment Trust has a 1-year low of $11.04 and a 1-year high of $12.63. The stock’s fifty day moving average is $12.16 and its 200 day moving average 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.

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