Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 12-Month High - Still a Buy?

Key Points

• Choice Properties Real Estate Investment Trust reached a new 52-week high of C$15.45, with the last trading price at C$15.18 and a volume of 44,296 shares.
• Analysts show mixed sentiments, with Royal Bank of CanadaDesjardins
• The company has a significant market capitalization of C$10.90 billion, but its price-to-earnings ratio is reported at -89.68, indicating potential volatility.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.45 and last traded at C$15.18, with a volume of 44296 shares changing hands. The stock had previously closed at C$15.30.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CHP.UN shares. Royal Bank Of Canada boosted their price objective 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. Desjardins lowered Choice Properties Real Est Invstmnt Trst from a "buy" rating to a "hold" rating and set a C$16.00 price target for the company. in a research report on Monday, July 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$16.00.

Choice Properties Real Est Invstmnt Trst Stock Down 1.6%

The stock has a market capitalization of C$10.90 billion, a price-to-earnings ratio of -89.68 and a beta of 0.80. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The firm has a 50-day moving average of C$14.61 and a two-hundred day moving average of C$14.51.

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.

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