Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$15.69.

Several equities analysts recently commented on CHP.UN shares. Canaccord Genuity Group upped their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a research note on Monday, September 16th. Scotiabank upped 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 report on Monday, July 22nd. TD Securities increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Raymond James boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. Finally, Desjardins increased their target price 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.

Choice Properties Real Est Invstmnt Trst Stock Up 2.1 %

CHP.UN stock opened at C$14.74 on Wednesday. The stock has a market cap of C$4.83 billion, a P/E ratio of 16.56 and a beta of 0.67. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The stock’s fifty day simple moving average is C$14.67 and its two-hundred day simple moving average is C$13.70. 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.