Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.73 and traded as low as C$14.73. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.81, with a volume of 159,912 shares.

Analyst Upgrades and Downgrades

Separately, National Bankshares downgraded Choice Properties Real Est Invstmnt Trst from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$16.00 to C$15.50 in a research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$15.90.

Choice Properties Real Est Invstmnt Trst Stock Down 0.3%

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 stock has a market cap of C$10.72 billion, a P/E ratio of 13.67 and a beta of 0.64. The company’s 50 day moving average price is C$14.85 and its two-hundred day moving average price is C$14.73.

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

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. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company’s principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.