Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.78 and traded as high as $14.12. Choice Properties Real Est Invstmnt Trst shares last traded at $14.10, with a volume of 109,333 shares trading hands.
A number of equities research analysts have recently weighed in on CHP.UN shares. Raymond James reiterated a “market perform” rating and issued a C$14.00 price target on shares of Choice Properties Real Est Invstmnt Trst in a research report on Monday, July 22nd. Canaccord Genuity upgraded shares of Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and lifted their price target for the company from C$14.25 to C$15.25 in a research report on Wednesday, September 4th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$14.13.
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 company has a market cap of $4.38 billion and a P/E ratio of -13.68. The firm’s 50 day moving average is C$13.78 and its two-hundred day moving average is C$13.78.
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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