Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$14.19.
A number of brokerages have weighed in on CHP.UN. Canaccord Genuity upgraded shares of Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and increased their target price for the stock from C$14.25 to C$15.25 in a research report on Wednesday, September 4th. Raymond James reiterated a “market perform” rating and set a C$14.00 target price on shares of Choice Properties Real Est Invstmnt Trst in a research report on Monday, July 22nd. Finally, CIBC increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$14.00 to C$14.50 in a research report on Wednesday, October 2nd.
CHP.UN opened at C$14.25 on Wednesday. The firm has a market cap of $4.43 billion and a P/E ratio of -13.78. The firm has a 50-day moving average of C$14.32 and a 200 day moving average of C$13.90. The company has a debt-to-equity ratio of 393.94, a quick ratio of 0.10 and a current ratio of 0.19. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$11.31 and a fifty-two week high of C$14.75.
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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