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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$14.83.

A number of brokerages have weighed in on CHP.UN. TD Securities dropped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. Canaccord Genuity Group upgraded shares of 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 research report on Friday, April 26th. Raymond James set a C$15.00 price target on shares of Choice Properties Real Est Invstmnt Trst and gave the company an “outperform” rating in a research report on Friday. Finally, Desjardins dropped their price target 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 report on Friday, April 26th.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of CHP.UN opened at C$12.59 on Thursday. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$11.79 and a 1-year high of C$14.46. The stock has a market cap of C$4.13 billion, a PE ratio of 13.68 and a beta of 0.65. The firm has a 50-day simple moving average of C$12.98 and a two-hundred day simple moving average of C$13.48. The company has a debt-to-equity ratio of 268.38, a current ratio of 0.16 and a quick ratio of 0.13.

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.