Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.74 and traded as low as C$14.53. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.59, with a volume of 343,208 shares trading hands.

Analysts Set New Price Targets

Separately, National Bankshares cut Choice Properties Real Est Invstmnt Trst from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$16.00 to C$15.50 in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$15.90.

Choice Properties Real Est Invstmnt Trst Stock Down 0.5%

The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The company’s fifty day moving average price is C$14.83 and its 200-day moving average price is C$14.74. The stock has a market capitalization of C$10.56 billion, a PE ratio of 13.47 and a beta of 0.64.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported C$0.34 earnings per share for the quarter. The company had revenue of C$363.22 million during the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.

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.