Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Announces Earnings Results

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) issued its earnings results on Wednesday. The real estate investment trust reported C($0.24) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$362.63 million during the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.

Choice Properties Real Est Invstmnt Trst Trading Up 0.1%

TSE:CHP.UN traded up C$0.01 during trading hours on Wednesday, hitting C$16.30. 553,563 shares of the company were exchanged, compared to its average volume of 544,558. The stock has a market capitalization of C$11.80 billion, a price-to-earnings ratio of -224.79 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a one year low of C$14.09 and a one year high of C$16.87. The company has a fifty day simple moving average of C$16.07 and a 200 day simple moving average of C$15.72. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank Of Canada upgraded Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$17.00 to C$17.50 in a report on Wednesday, May 27th. National Bank Financial lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock a “sector perform” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst currently has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

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. 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.