Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.94 and traded as low as C$13.93. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.14, with a volume of 499,465 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHP.UN. Scotiabank lowered their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. National Bankshares set a C$15.50 price objective on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. Finally, Raymond James cut their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

The stock’s fifty day moving average price is C$13.61 and its 200-day moving average price is C$13.94. The firm has a market cap of C$4.64 billion, a PE ratio of 15.89 and a beta of 0.67. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.