In a report released yesterday, Pammi Bir from RBC Capital maintained a Hold rating on Choice Properties Real Estate Investment (PPRQF), with a price target of C$13.50. The company’s shares closed last Monday at $10.01.
According to TipRanks.com, Bir is a 4-star analyst with an average return of 13.6% and a 72.9% success rate. Bir covers the Financial sector, focusing on stocks such as Dream Office Real Estate Investment, Cominar Real Estate Investment, and RioCan Real Estate Investment.
Choice Properties Real Estate Investment has an analyst consensus of Hold, with a price target consensus of $10.32, implying a 3.1% upside from current levels. In a report issued on November 1, Scotiabank also maintained a Hold rating on the stock with a C$12.50 price target.
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The company has a one-year high of $11.46 and a one-year low of $7.59. Currently, Choice Properties Real Estate Investment has an average volume of 4,945.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PPRQF in relation to earlier this year.
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Choice Properties Real Estate Investment Trust owns, manages, and develops retail and commercial real estate. Its portfolio includes supermarket-and-drug store-anchored shopping centers; and stand-alone supermarkets and drug stores. The company operates through the following segments: Retail, Industrial and Office.Choice Properties Real Estate Investment Trust was founded on May 21, 2013 and is headquartered in Toronto, Canada.
