Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$15.34.

Several equities analysts recently commented on CHP.UN shares. Desjardins dropped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 and set a “buy” rating for the company in a research report on Monday, July 24th. TD Securities dropped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$17.00 to C$16.00 in a research report on Wednesday, July 5th. Finally, National Bankshares dropped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$14.00 in a research report on Tuesday, July 18th.

Choice Properties Real Est Invstmnt Trst Stock Performance

TSE:CHP.UN opened at C$13.04 on Tuesday. The firm has a 50 day simple moving average of C$13.43 and a 200-day simple moving average of C$13.88. The company has a debt-to-equity ratio of 266.70, a current ratio of 0.36 and a quick ratio of 0.13. The firm has a market cap of C$4.28 billion, a PE ratio of 8.05 and a beta of 0.63. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$12.18 and a 1-year high of C$15.77.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.