Brokerages Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Target Price at C$15.69

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$15.69.

CHP.UN has been the topic of a number of recent analyst reports. Desjardins upped their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. TD Securities boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Canaccord Genuity Group lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a research report on Monday, September 16th. Raymond James increased their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research report on Friday, September 6th. Finally, BMO Capital Markets upped their price target 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.

Choice Properties Real Est Invstmnt Trst Trading Down 0.4 %

CHP.UN opened at C$15.06 on Friday. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The company’s 50 day simple moving average is C$14.50 and its two-hundred day simple moving average is C$13.61. The firm has a market capitalization of C$4.94 billion, a price-to-earnings ratio of 16.92 and a beta of 0.66. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$11.79 and a 1-year high of C$15.33.

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.