Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF – Get Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 10,473,245 shares, an increase of 56.2% from the July 30th total of 6,703,490 shares. Based on an average daily volume of 71,307 shares, the short-interest ratio is currently 146.9 days.
Choice Properties Real Estate Investment Trust Stock Up 0.4%
Shares of OTCMKTS:PPRQF opened at $11.22 on Wednesday. Choice Properties Real Estate Investment Trust has a 52 week low of $9.86 and a 52 week high of $11.81. The business has a fifty day simple moving average of $11.48 and a 200-day simple moving average of $11.41.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on PPRQF. Royal Bank Of Canada upgraded shares of Choice Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 27th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Choice Properties Real Estate Investment Trust in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.
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.
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