Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.46 and traded as low as C$12.45. Choice Properties Real Est Invstmnt Trst shares last traded at C$12.48, with a volume of 1,877,904 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on CHP.UN. TD Securities decreased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research note on Wednesday, April 24th. Desjardins lowered their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$15.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Raymond James set a C$15.00 price target on Choice Properties Real Est Invstmnt Trst and gave the company an “outperform” rating in a research note on Friday, June 14th. Finally, Canaccord Genuity Group upgraded shares of Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 price objective on the stock in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Choice Properties Real Est Invstmnt Trst currently has an average rating of “Moderate Buy” and an average price target of C$14.83.
Check Out Our Latest Stock Report on CHP.UN
Choice Properties Real Est Invstmnt Trst Price Performance
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.
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