Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Lowered to “Sector Perform” Rating by National Bankshares

National Bankshares downgraded shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) from an outperform rating to a sector perform rating in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has C$15.50 price objective on the real estate investment trust’s stock, down from their previous price objective of C$16.00.

Other equities analysts have also recently issued research reports about the company. Desjardins cut Choice Properties Real Est Invstmnt Trst from a “buy” rating to a “hold” rating and set a C$16.00 price objective for the company. in a research note on Monday, July 21st. 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 report on Monday, July 21st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$15.86.

Choice Properties Real Est Invstmnt Trst Stock Down 1.3%

Shares of TSE CHP.UN opened at C$14.52 on Thursday. The stock has a market cap of C$10.51 billion, a P/E ratio of -86.46 and a beta of 0.80. The business’s fifty day simple moving average is C$14.62 and its 200-day simple moving average is C$14.55. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$12.51 and a 12-month high of C$15.45. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71.

About Choice Properties Real Est Invstmnt Trst

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.