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

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$15.69.

A number of analysts have recently weighed in on CHP.UN shares. Raymond James lifted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research report on Friday, September 6th. Desjardins upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Monday, July 22nd. TD Securities increased their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. BMO Capital Markets boosted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group increased 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.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of CHP.UN opened at C$15.06 on Friday. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The company has a 50 day moving average price of C$14.50 and a 200-day moving average price of C$13.61. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$11.79 and a fifty-two week high of C$15.33. The stock has a market capitalization of C$4.94 billion, a PE ratio of 16.92 and a beta of 0.66.

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.