Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Hits New 1-Year High at $15.10

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$15.10 and last traded at C$15.08, with a volume of 57535 shares. The stock had previously closed at C$15.00.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHP.UN. Scotiabank 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 report on Monday, July 22nd. Raymond James upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. TD Securities upped 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 report on Wednesday, September 4th. Canaccord Genuity Group upped their price target on Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Desjardins upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.50.

Choice Properties Real Est Invstmnt Trst Stock Performance

The firm’s fifty day moving average price is C$14.24 and its 200 day moving average price is C$13.52. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The firm has a market capitalization of C$5.00 billion, a PE ratio of 17.12 and a beta of 0.66.

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.