Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$15.81.

Several equities research analysts recently issued reports on the company. TD Securities lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Scotiabank lifted their target price 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. Canaccord Genuity Group boosted their target price 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 report on Monday, September 16th. Finally, Raymond James upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th.

Choice Properties Real Est Invstmnt Trst Price Performance

Choice Properties Real Est Invstmnt Trst stock opened at C$13.97 on Friday. The company’s 50 day moving average price is C$14.74 and its two-hundred day moving average price is C$13.79. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$12.42 and a 52 week high of C$15.33. The stock has a market cap of C$4.58 billion, a P/E ratio of 15.70 and a beta of 0.67.

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.