Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.46 and traded as low as C$12.45. Choice Properties Real Est Invstmnt Trst shares last traded at C$12.48, with a volume of 1,877,904 shares trading hands.
Analysts Set New Price Targets
Several brokerages have weighed in on CHP.UN. Canaccord Genuity Group upgraded Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 price target for the company in a report on Friday, April 26th. Desjardins dropped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$15.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Raymond James set a C$15.00 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the stock an “outperform” rating in a report on Friday, June 14th. Finally, TD Securities lowered their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$14.83.
View Our Latest Stock Report on Choice Properties Real Est Invstmnt Trst
Choice Properties Real Est Invstmnt Trst Trading Down 0.6 %
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.
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