Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)‘s stock had its “market perform” rating restated by equities research analysts at Raymond James in a report issued on Monday, BayStreet.CA reports. They currently have a C$14.25 price target on the real estate investment trust’s stock. Raymond James’ target price would suggest a potential upside of 5.48% from the company’s current price.
Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity upgraded shares of Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and raised their target price for the stock from C$14.25 to C$15.25 in a report on Wednesday, September 4th. CIBC raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$14.00 to C$14.50 in a report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$14.22.
Shares of CHP.UN traded up C$0.19 on Monday, hitting C$13.51. 420,254 shares of the stock traded hands, compared to its average volume of 161,936. The company has a market capitalization of $4.12 billion and a PE ratio of -13.07. The company has a debt-to-equity ratio of 393.94, a quick ratio of 0.10 and a current ratio of 0.19. The business has a 50 day simple moving average of C$14.14 and a 200 day simple moving average of C$13.88. Choice Properties Real Est Invstmnt Trst has a one year low of C$11.31 and a one year 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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