Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have received a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$13.97.

Several equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$14.00 to C$14.25 and gave the company a “sector perform” rating in a research note on Monday, April 29th. Raymond James reissued a “market perform” rating and set a C$14.00 price objective on shares of Choice Properties Real Est Invstmnt Trst in a research note on Monday, July 22nd. National Bank Financial set a C$14.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a research note on Wednesday, May 15th. TD Securities increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$14.00 to C$14.50 and gave the stock a “hold” rating in a research note on Monday, May 13th. Finally, Canaccord Genuity increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$13.50 to C$14.00 in a research note on Monday, April 29th.

Shares of CHP.UN traded up C$0.07 on Friday, hitting C$13.60. 183,280 shares of the stock traded hands, compared to its average volume of 161,936. The company has a quick ratio of 0.10, a current ratio of 0.19 and a debt-to-equity ratio of 393.94. The firm has a market capitalization of $3.80 billion and a P/E ratio of -13.15. The stock’s 50 day moving average is C$13.76 and its two-hundred day moving average is C$13.71. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$11.31 and a 1 year high of C$14.37.



About Choice Properties Real Est Invstmnt Trst

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.

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Analyst Recommendations for Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)

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