Brokerages Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target at C$15.00

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$14.81.

A number of research analysts have recently weighed in on CHP.UN shares. Canaccord Genuity Group upgraded Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 price target for the company in a research report on Friday. Desjardins dropped their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$15.00 and set a “buy” rating for the company in a research report on Friday. Finally, TD Securities dropped their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday.

Choice Properties Real Est Invstmnt Trst Trading Up 0.2 %

TSE:CHP.UN opened at C$13.09 on Wednesday. The stock has a fifty day moving average price of C$13.46 and a two-hundred day moving average price of C$13.44. The stock has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 12.01 and a beta of 0.64. The company has a debt-to-equity ratio of 279.73, a quick ratio of 0.13 and a current ratio of 0.43. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$11.79 and a 1 year high of C$14.78.

Choice Properties Real Est Invstmnt Trst Company Profile

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.