Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Raised to Buy at Canaccord Genuity Group

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) was upgraded by analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a C$14.50 price objective on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective suggests a potential upside of 10.77% from the company’s previous close.

Several other research firms also recently weighed in on CHP.UN. TD Securities dropped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday. Desjardins lifted their target price 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$14.81.

Choice Properties Real Est Invstmnt Trst Stock Up 0.2 %

Choice Properties Real Est Invstmnt Trst stock opened at C$13.09 on Friday. The stock has a market cap of C$4.29 billion, a price-to-earnings ratio of 12.01 and a beta of 0.64. The company has a current ratio of 0.43, a quick ratio of 0.13 and a debt-to-equity ratio of 279.73. The company’s 50-day moving average price is C$13.45 and its two-hundred day moving average price is C$13.44. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$11.79 and a 52 week high of C$14.78.

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.