Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Trading Up 0.9% – Still a Buy?

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQFGet Free Report)’s share price was up 0.9% on Thursday . The company traded as high as $11.50 and last traded at $11.50. Approximately 18,861 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 11,265 shares. The stock had previously closed at $11.40.

Choice Properties Real Estate Investment Trust Stock Performance

The firm’s 50 day moving average price is $11.02 and its 200-day moving average price is $10.75.

Choice Properties Real Estate Investment Trust Company Profile

(Get Free Report)

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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