Choice Properties Real Estate Investment (PPRQF) Gets a Hold Rating from Raymond James

By Carrie Williams

In a report released today, Johann Rodrigues from Raymond James maintained a Hold rating on Choice Properties Real Estate Investment (PPRQFResearch Report), with a price target of C$15.25. The company’s shares closed last Monday at $11.41, close to its 52-week high of $11.46.

According to TipRanks.com, Rodrigues is ranked #516 out of 5917 analysts.

Currently, the analyst consensus on Choice Properties Real Estate Investment is a Hold with an average price target of $11.42, representing a 0.1% upside. In a report issued on February 13, CIBC also maintained a Hold rating on the stock with a C$15.25 price target.

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Based on Choice Properties Real Estate Investment’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $222 million. In comparison, last year the company had a net profit of $213 million.

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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.