Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$16.50 Price Target at National Bank Financial

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective raised by National Bank Financial from C$16.00 to C$16.50 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada lifted their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a report on Tuesday, February 24th. Raymond James Financial increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the stock a “market perform” rating in a report on Friday, February 20th. Finally, Scotiabank raised their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$16.50.

Choice Properties Real Est Invstmnt Trst Trading Down 2.4%

TSE:CHP.UN opened at C$15.41 on Monday. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$14.09 and a 1 year high of C$16.51. The stock’s fifty day moving average price is C$15.67 and its two-hundred day moving average price is C$15.23. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The company has a market cap of C$11.15 billion, a P/E ratio of -181.29 and a beta of 0.70.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last announced its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported C($0.07) earnings per share for the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%. The company had revenue of C$355.66 million during the quarter.

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.