Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Stock Jumps 0.1% – What’s Next?

by · The Markets Daily

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF – Get Free Report) shot up 0.1% during mid-day trading on Thursday. The stock traded as high as $10.91 and last traded at $10.91. Approximately 52,337 shares traded hands during trading, a decline of 18% from the average daily volume of 64,095 shares. The stock had previously closed at $10.90.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Read Our Latest Research Report on Choice Properties Real Estate Investment Trust

Choice Properties Real Estate Investment Trust Stock Up 0.1%

The stock has a fifty day simple moving average of $10.70 and a 200-day simple moving average of $11.24.

About Choice Properties Real Estate Investment Trust

(Get Free Report)

Choice Properties Real Estate Investment Trust is a Canadian real estate investment trust that owns, manages and develops a diversified portfolio of income-producing properties. Its portfolio is primarily centered on grocery-anchored and necessity-based retail properties, along with office, industrial and mixed-use developments.

The trust’s retail properties are commonly anchored by grocery and pharmacy locations operated by Loblaw Companies Limited and Shoppers Drug Mart, as well as other retailers and service providers.

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