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

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

CHP.UN has been the subject of several recent analyst reports. Desjardins boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. Raymond James boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. BMO Capital Markets boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a report on Monday, July 22nd. TD Securities upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Scotiabank upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a report on Monday, July 22nd.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN opened at C$15.02 on Friday. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The firm has a fifty day moving average price of C$14.42 and a 200 day moving average price of C$13.57. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$11.79 and a 1 year high of C$15.33. The stock has a market cap of C$4.92 billion, a P/E ratio of 16.88 and a beta of 0.66.

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.