Brokerages Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) PT at C$15.69

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

Several brokerages recently commented on CHP.UN. Raymond James raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. TD Securities raised their target price 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 raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a report on Monday, September 16th. BMO Capital Markets lifted their price objective 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. Finally, Scotiabank lifted their price objective 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.

Choice Properties Real Est Invstmnt Trst Price Performance

The stock has a 50 day moving average price of C$14.53 and a 200-day moving average price of C$13.62. The stock has a market cap of C$4.93 billion, a P/E ratio of 16.93 and a beta of 0.66. The company has a current ratio of 0.70, a quick ratio of 0.13 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.