Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$16.00 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$15.50 to C$16.00 in a research note published on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of CHP.UN opened at C$15.72 on Friday. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$13.39 and a 1 year high of C$15.85. 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 stock’s fifty day moving average price is C$15.26 and its two-hundred day moving average price is C$14.93. The firm has a market cap of C$11.38 billion, a PE ratio of 14.51 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.