Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.73 and traded as low as C$14.66. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.76, with a volume of 292,800 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bankshares cut shares of Choice Properties Real Est Invstmnt Trst from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$16.00 to C$15.50 in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$15.90.

Choice Properties Real Est Invstmnt Trst Trading Down 0.5%

The stock has a market cap of C$10.64 billion, a P/E ratio of 13.57 and a beta of 0.64. The stock’s 50-day moving average is C$14.83 and its two-hundred day moving average is C$14.72. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.34 EPS for the quarter. The business had revenue of C$363.22 million for the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%.

Choice Properties Real Est Invstmnt Trst Company Profile

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.