Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Shares Up 0.4% – Time to Buy?

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) rose 0.4% during mid-day trading on Monday . The company traded as high as $11.4448 and last traded at $11.4448. Approximately 67,053 shares changed hands during mid-day trading, an increase of 172% from the average daily volume of 24,667 shares. The stock had previously closed at $11.3980.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PPRQF shares. Scotiabank reaffirmed an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a report on Friday, February 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Friday, February 20th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Choice Properties Real Estate Investment Trust in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Choice Properties Real Estate Investment Trust Price Performance

The business has a 50-day moving average of $11.21 and a 200 day moving average of $10.86.

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.