Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.02 and traded as low as C$13.38. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.57, with a volume of 544,246 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CHP.UN. BMO Capital Markets upped their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Scotiabank cut their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. Raymond James cut their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. National Bankshares set a C$15.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research note on Friday, December 20th. Finally, CIBC boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

The firm has a market cap of C$4.45 billion, a P/E ratio of 15.25 and a beta of 0.67. 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 stock’s 50-day moving average is C$13.35 and its 200 day moving average is C$14.02.

About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.