Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives C$14.83 Average PT from Brokerages

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$14.83.

CHP.UN has been the subject of a number of recent research reports. TD Securities reduced their target price 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 raised shares of Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 price objective for the company in a report on Friday, April 26th. Raymond James set a C$15.00 target price on shares of Choice Properties Real Est Invstmnt Trst and gave the stock an “outperform” rating in a report on Friday, June 14th. Finally, Desjardins cut their price target on 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.

Choice Properties Real Est Invstmnt Trst Price Performance

TSE:CHP.UN opened at C$13.57 on Monday. The company has a market cap of C$4.45 billion, a P/E ratio of 14.75 and a beta of 0.65. The firm’s fifty day moving average price is C$12.90 and its two-hundred day moving average price is C$13.39. Choice Properties Real Est Invstmnt Trst has a one year low of C$11.79 and a one year high of C$14.46. The company has a debt-to-equity ratio of 268.38, a current ratio of 0.16 and a quick ratio of 0.13.

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.