Brokerages Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) PT at C$15.93

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has received an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$15.93.

Several equities analysts recently commented on CHP.UN shares. BMO Capital Markets upped 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. TD Securities increased their target price on shares of 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. Canaccord Genuity Group lifted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. Raymond James upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. Finally, CIBC lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Friday, November 8th.

Choice Properties Real Est Invstmnt Trst Price Performance

TSE CHP.UN opened at C$13.83 on Thursday. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$12.42 and a 1 year high of C$15.33. The company has a fifty day simple moving average of C$14.33 and a 200 day simple moving average of C$13.90. 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 company has a market cap of C$4.53 billion, a P/E ratio of 15.54 and a beta of 0.67.

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.