Michael Markidis, an analyst from BMO Capital, reiterated the Buy rating on Choice Properties Real Estate Investment (PPRQF – Research Report). The associated price target remains the same with C$15.50.
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Michael Markidis has given his Buy rating due to a combination of factors that highlight the robust financial health and growth prospects of Choice Properties Real Estate Investment. The company has delivered consistent results, meeting expectations for the first quarter of 2025 and maintaining a strong forecast for funds from operations, which is expected to grow at a compound annual growth rate of approximately 3% through 2026. This stability and growth potential are appealing to investors, particularly in uncertain economic conditions.
Furthermore, Choice Properties exhibits solid organic growth across its segments, with notable performance in retail, industrial, and mixed-use and residential sectors. The company’s strategic acquisitions and strong tenant retention rates, coupled with a well-structured capital portfolio, enhance its attractiveness. Additionally, the firm’s substantial liquidity and a well-managed debt profile contribute to its resilience, making it a compelling investment opportunity according to Markidis.
In another report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a C$15.50 price target.
Based on the recent corporate insider activity of 20 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.