Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Shares Pass Below Two Hundred Day Moving Average of $13.42

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.42 and traded as low as C$12.92. Choice Properties Real Est Invstmnt Trst shares last traded at C$12.96, with a volume of 456,165 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$13.50 to C$14.50 and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Desjardins increased their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$15.00.

Choice Properties Real Est Invstmnt Trst Stock Down 0.8 %

The firm’s 50-day moving average price is C$13.55 and its 200-day moving average price is C$13.42. The company has a market cap of C$4.25 billion, a price-to-earnings ratio of 11.89 and a beta of 0.64. The company has a debt-to-equity ratio of 279.73, a current ratio of 0.43 and a quick ratio of 0.13.

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.