Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) PT Lowered to C$15.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target reduced by TD Securities from C$16.00 to C$15.00 in a research note published on Wednesday, BayStreet.CA reports.

Separately, Desjardins lifted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the company a buy rating in a 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$14.88.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of CHP.UN stock opened at C$12.95 on Wednesday. The firm has a market cap of C$4.25 billion, a price-to-earnings ratio of 11.88 and a beta of 0.64. The company’s 50 day moving average is C$13.49 and its 200 day moving average is C$13.44. The company has a quick ratio of 0.13, a current ratio of 0.43 and a debt-to-equity ratio of 279.73. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$11.79 and a 52-week high of C$14.99.

About Choice Properties Real Est Invstmnt Trst

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.