Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.02 and traded as low as C$12.94. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.00, with a volume of 383,678 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on CHP.UN shares. Raymond James cut their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. National Bankshares set a C$15.50 price target on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a report on Friday, December 20th. BMO Capital Markets lifted their price objective 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. Finally, CIBC lifted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Price Performance

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 has a market capitalization of C$4.26 billion, a price-to-earnings ratio of 14.61 and a beta of 0.67. The company’s 50 day moving average is C$13.58 and its 200 day moving average is C$14.02.

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.