Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Downgraded to “Hold” Rating by Desjardins

Desjardins cut shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) from a buy rating to a hold rating in a research report released on Monday morning,BayStreet.CA reports. They currently have C$16.00 price target on the real estate investment trust’s stock.

CHP.UN has been the topic of a number of other reports. Scotiabank raised their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Royal Bank Of Canada raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, National Bankshares raised shares of Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$15.50 to C$16.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.00.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of Choice Properties Real Est Invstmnt Trst stock opened at C$14.59 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The stock has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 16.39 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$12.51 and a 1-year high of C$15.33. The firm’s 50-day moving average price is C$14.79 and its two-hundred day moving average price is C$14.15.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.