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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective lowered by equities researchers at Desjardins from C$15.50 to C$15.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Desjardins’ price target would indicate a potential upside of 14.59% from the company’s current price.

Several other research analysts have also weighed in on CHP.UN. TD Securities lowered their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday. Canaccord Genuity Group upgraded Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 price objective for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$14.81.

Choice Properties Real Est Invstmnt Trst Price Performance

CHP.UN stock opened at C$13.09 on Friday. The company has a debt-to-equity ratio of 279.73, a current ratio of 0.43 and a quick ratio of 0.13. The business has a 50 day simple moving average of C$13.45 and a 200-day simple moving average of C$13.44. The firm has a market capitalization of C$4.29 billion, a PE ratio of 12.01 and a beta of 0.64. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$11.79 and a 1 year high of C$14.78.

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.