Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 52-Week High - What's Next?

Key Points

• Choice Properties Real Estate Investment Trust (TSE:CHP.UN) reached a new 12-month high at C$15.38 amidst trading, showing a notable increase in investor interest.
• Despite the positive market performance, Desjardins downgraded the stock from a "buy" to a "hold" with a price target of C$16.00, while Royal Bank of Canada increased its price target to C$16.00.
• The company's current market capitalization stands at C$11.12 billion with an average analyst rating of "Moderate Buy" and a PE ratio of -91.52.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$15.38 and last traded at C$15.38, with a volume of 143472 shares. The stock had previously closed at C$15.20.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHP.UN shares. Desjardins cut shares of Choice Properties Real Est Invstmnt Trst from a "buy" rating to a "hold" rating and set a C$16.00 target price for the company. in a report on Monday, July 21st. Royal Bank Of Canada upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Monday, July 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst has a consensus rating of "Moderate Buy" and an average price target of C$16.00.

Choice Properties Real Est Invstmnt Trst Stock Up 0.4%

The stock has a market capitalization of C$11.07 billion, a P/E ratio of -91.11 and a beta of 0.80. The company's 50-day moving average price is C$14.61 and its 200 day moving average price is C$14.50. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70.

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.