Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$17.00 at BMO Capital Markets

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective increased by BMO Capital Markets from C$16.50 to C$17.00 in a report issued on Friday morning,BayStreet.CA reports.

CHP.UN has been the subject of a number of other reports. Royal Bank Of Canada raised Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$17.00 to C$17.50 in a research note on Wednesday, May 27th. National Bank Financial upped their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the company a “sector perform” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$16.80.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of TSE:CHP.UN opened at C$15.93 on Friday. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$14.09 and a 52 week high of C$16.87. The company has a market cap of C$11.53 billion, a P/E ratio of -219.69 and a beta of 0.67. The company has a 50-day moving average price of C$16.12 and a 200 day moving average price of C$15.74.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported C($0.24) earnings per share (EPS) for the quarter. The company had revenue of C$362.63 million during the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%.

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.