Analysts have been eager to weigh in on the Real Estate sector with new ratings on Choice Properties Real Estate Investment (PPRQF – Research Report) and Innovative Industrial Properties (IIPR – Research Report).
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Choice Properties Real Estate Investment (PPRQF)
Scotiabank analyst Himanshu Gupta CFA maintained a Buy rating on Choice Properties Real Estate Investment today and set a price target of C$15.50. The company’s shares closed last Wednesday at $9.20.
According to TipRanks.com, CFA is a 4-star analyst with an average return of 10.6% and a 61.3% success rate. CFA covers the NA sector, focusing on stocks such as Colliers International Group, Parkit Enterprise, and FirstService.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Choice Properties Real Estate Investment with a $10.71 average price target.
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Innovative Industrial Properties (IIPR)
In a report released today, Aaron Grey from Alliance Global Partners maintained a Hold rating on Innovative Industrial Properties, with a price target of $75.00. The company’s shares closed last Thursday at $73.05, close to its 52-week low of $62.45.
According to TipRanks.com, Grey ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -20.2% and a 28.4% success rate. Grey covers the Healthcare sector, focusing on stocks such as Cannabist Company Holdings, OrganiGram Holdings, and Curaleaf Holdings.
Currently, the analyst consensus on Innovative Industrial Properties is a Hold with an average price target of $74.33, which is a -0.1% downside from current levels. In a report released today, Craig-Hallum also assigned a Hold rating to the stock.
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