Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Raised to “Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) from a hold rating to a buy rating in a research note published on Friday, BayStreet.CA reports. They currently have C$14.50 price target on the real estate investment trust’s stock.

A number of other research analysts have also commented on CHP.UN. Desjardins upped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the company a buy rating in a research note on Friday, February 16th. TD Securities decreased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst presently has an average rating of Moderate Buy and an average price target of C$14.81.

Choice Properties Real Est Invstmnt Trst Stock Up 0.2 %

Choice Properties Real Est Invstmnt Trst stock opened at C$13.09 on Friday. The firm has a market capitalization of C$4.29 billion, a PE ratio of 12.01 and a beta of 0.64. The company’s 50-day moving average is C$13.46 and its 200-day moving average is C$13.44. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$11.79 and a fifty-two week high of C$14.78. The company has a debt-to-equity ratio of 279.73, a current ratio of 0.43 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.