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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.78 and traded as low as C$15.74. Choice Properties Real Est Invstmnt Trst shares last traded at C$15.92, with a volume of 919,513 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on CHP.UN. Scotiabank dropped their price target on Choice Properties Real Est Invstmnt Trst from C$17.50 to C$17.00 in a report on Monday, July 27th. National Bank Financial increased their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock a “sector perform” rating in a report on Monday, April 20th. Royal Bank Of Canada upgraded Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$17.00 to C$17.50 in a research note on Wednesday, May 27th. Finally, BMO Capital Markets lifted their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$17.00 in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Choice Properties Real Est Invstmnt Trst currently has an average rating of “Moderate Buy” and an average price target of C$16.90.

Choice Properties Real Est Invstmnt Trst Stock Down 1.3%

The firm’s 50 day moving average price is C$16.19 and its 200-day moving average price is C$15.78. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The company has a market cap of C$11.36 billion, a P/E ratio of -152.21 and a beta of 0.66.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported C($0.24) earnings per share for the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%. The business had revenue of C$362.63 million during the quarter.

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.