Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Hits New 12-Month High – What’s Next?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$15.82 and last traded at C$15.81, with a volume of 301397 shares changing hands. The stock had previously closed at C$15.66.

Choice Properties Real Est Invstmnt Trst Price Performance

The firm has a market capitalization of C$11.35 billion, a price-to-earnings ratio of 14.47 and a beta of 0.78. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The stock’s 50 day moving average price is C$15.08 and its two-hundred day moving average price is C$14.85.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.34 earnings per share for the quarter. The company had revenue of C$363.22 million for 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 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.