Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$15.69.

CHP.UN has been the topic of a number of recent research reports. Raymond James lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. TD Securities lifted their price target on 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 price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a research note on Monday, September 16th. Desjardins lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Monday, July 22nd. Finally, Scotiabank lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, July 22nd.

Choice Properties Real Est Invstmnt Trst Stock Performance

TSE:CHP.UN opened at C$14.68 on Wednesday. The stock’s 50-day simple moving average is C$14.73 and its 200 day simple moving average is C$13.73. The firm has a market capitalization of C$4.81 billion, a PE ratio of 16.49 and a beta of 0.67. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$11.79 and a twelve month high of C$15.33.

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.