Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Cut to "Sector Perform" at National Bankshares

Key Points

• National Bankshares has downgraded Choice Properties Real Estate Investment Trust from an "outperform" rating to a "sector perform" rating, with a revised target price of C$15.50, down from C$16.00.
• The company's stock decreased by 1.4%, trading at C$14.51, with a market capitalization of C$10.50 billion and a debt-to-equity ratio of 249.71.
• Overall, the stock has a consensus rating of "Hold" from analysts, suggesting a cautious outlook despite some positive ratings.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) was downgraded by investment analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. They currently have a C$15.50 target price on the real estate investment trust's stock, down from their prior target price of C$16.00. National Bankshares' price objective suggests a potential upside of 6.82% from the company's current price.

Other equities analysts also recently issued research reports about the company. Desjardins downgraded Choice Properties Real Est Invstmnt Trst from a "buy" rating to a "hold" rating and set a C$16.00 price objective for the company. in a research report on Monday, July 21st. Royal Bank Of Canada increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$15.86.

Choice Properties Real Est Invstmnt Trst Stock Down 1.4%

CHP.UN stock traded down C$0.20 during mid-day trading on Thursday, hitting C$14.51. The stock had a trading volume of 326,531 shares, compared to its average volume of 454,219. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The stock has a market capitalization of C$10.50 billion, a price-to-earnings ratio of -86.40 and a beta of 0.80. The company has a fifty day moving average of C$14.63 and a 200 day moving average of C$14.55. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$12.51 and a 1-year high of C$15.45.

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.

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