Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Average Recommendation of “Buy” by Analysts

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is C$15.93.

A number of research analysts have weighed in on the stock. Desjardins boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Monday, July 22nd. Raymond James boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. Scotiabank boosted their price target 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 report on Monday, July 22nd. BMO Capital Markets boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th. Finally, Canaccord Genuity Group boosted their price target 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 research report on Monday, September 16th.

Choice Properties Real Est Invstmnt Trst Stock Down 0.4 %

CHP.UN opened at C$13.76 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The stock has a market cap of C$4.51 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.42 and a twelve month high of C$15.33. The company’s 50-day moving average price is C$14.67 and its two-hundred day moving average price is C$13.80.

About Choice Properties Real Est Invstmnt Trst

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.