Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives C$15.25 Consensus Target Price from Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$15.25.

Several research analysts have recently commented on CHP.UN shares. BMO Capital Markets lifted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. TD Securities reduced their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. Desjardins upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. Raymond James raised their target price 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 research note on Monday, July 22nd. Finally, Scotiabank upped their price target on shares of 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.

Choice Properties Real Est Invstmnt Trst Trading Up 0.9 %

Choice Properties Real Est Invstmnt Trst stock opened at C$14.04 on Friday. The stock has a 50-day simple moving average of C$13.23 and a 200 day simple moving average of C$13.38. The stock has a market capitalization of C$4.60 billion, a P/E ratio of 15.26 and a beta of 0.65. The company has a debt-to-equity ratio of 268.38, a quick ratio of 0.13 and a current ratio of 0.16. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$11.79 and a 52 week high of C$14.51.

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.