Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$17.00 Price Target at Royal Bank Of Canada

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target raised by Royal Bank Of Canada from C$16.00 to C$17.00 in a report issued on Tuesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. National Bank Financial upped their price target 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, February 20th. Raymond James Financial boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the company a “market perform” rating in a research report on Friday, February 20th. Finally, Scotiabank increased their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a report on Friday, February 20th. One investment 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.com, the company currently has an average rating of “Hold” and an average target price of C$16.40.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of CHP.UN opened at C$15.88 on Tuesday. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The stock has a 50 day simple moving average of C$15.30 and a 200 day simple moving average of C$14.96. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$13.39 and a 52-week high of C$16.00. The firm has a market capitalization of C$11.49 billion, a PE ratio of 14.66 and a beta of 0.78.

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.