Raymond James Financial Forecasts Strong Price Appreciation for Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective lifted by equities researchers at Raymond James Financial from C$16.25 to C$16.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Raymond James Financial’s price target suggests a potential upside of 5.03% from the company’s previous close.

Separately, National Bank Financial upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the stock a “sector perform” rating in a report on Friday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$16.20.

Choice Properties Real Est Invstmnt Trst Stock Up 1.2%

TSE CHP.UN traded up C$0.19 on Friday, hitting C$15.71. 99,864 shares of the stock were exchanged, compared to its average volume of 363,991. The company has a 50-day moving average price of C$15.23 and a 200-day moving average price of C$14.92. The company has a market cap of C$11.37 billion, a PE ratio of 14.50 and a beta of 0.78. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$13.39 and a fifty-two week high of C$15.85. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

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. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company’s principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.