Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$14.77 and last traded at C$14.71, with a volume of 435455 shares traded. The stock had previously closed at C$14.50.
Several equities analysts have recently issued reports on CHP.UN shares. CIBC raised their price target on shares of Choice Properties Real Est Invstmnt Trst from C$14.00 to C$14.50 in a research note on Wednesday, October 2nd. Raymond James reaffirmed a “market perform” rating and issued a C$14.25 price objective on shares of Choice Properties Real Est Invstmnt Trst in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Choice Properties Real Est Invstmnt Trst has an average rating of “Hold” and a consensus price target of C$14.22.
The stock has a market cap of $4.54 billion and a P/E ratio of -7.70. The company has a debt-to-equity ratio of 426.99, a current ratio of 0.26 and a quick ratio of 0.10. The firm’s 50-day moving average price is C$13.83 and its 200-day moving average price is C$13.90.
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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