Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$16.50 at Raymond James Financial

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective boosted by Raymond James Financial from C$16.25 to C$16.50 in a report issued on Friday morning,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the real estate investment trust’s stock.

Separately, National Bank Financial increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company a “sector perform” rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Choice Properties Real Est Invstmnt Trst has an average rating of “Hold” and an average target price of C$16.20.

Choice Properties Real Est Invstmnt Trst Trading Up 1.3%

Shares of CHP.UN stock opened at C$15.72 on Friday. The business has a 50-day moving average price of C$15.26 and a two-hundred day moving average price of C$14.93. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$13.39 and a 12-month high of C$15.85. 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 firm has a market cap of C$11.38 billion, a P/E ratio of 14.51 and a beta of 0.78.

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. 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.