Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective lifted by TD Securities from C$15.00 to C$16.00 in a research report report published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the real estate investment trust’s stock.

CHP.UN has been the topic of a number of other reports. Desjardins lifted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Monday, July 22nd. Scotiabank increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an outperform rating in a report on Monday, July 22nd. Canaccord Genuity Group raised their price target on Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.00 and gave the company a buy rating in a report on Monday, July 29th. Raymond James lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an outperform rating in a research note on Monday, July 22nd. Finally, BMO Capital Markets raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an outperform rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$15.50.

Choice Properties Real Est Invstmnt Trst Stock Performance

TSE CHP.UN opened at C$14.86 on Wednesday. The business’s 50-day moving average price is C$14.04 and its 200 day moving average price is C$13.47. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$11.79 and a 52-week high of C$15.10. The firm has a market cap of C$4.87 billion, a P/E ratio of 16.70 and a beta of 0.66. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

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.