Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Shares Pass Below 200 Day Moving Average - Here's What Happened

Key Points

• Choice Properties Real Estate Investment Trust (TSE:CHP.UN) shares have fallen below their 200-day moving average for the first time during recent trading, reaching a low of C$14.41.
• Analysts' ratings have shifted, with National Bankshares downgrading the stock from "outperform" to "sector perform" and adjusting the price target to C$15.50.
• The stock currently has a market capitalization of C$10.48 billion and an average target price consensus of C$15.86, indicating mixed analyst sentiment with one "Buy" and three "Hold" ratings.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.60 and traded as low as C$14.41. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.48, with a volume of 392,724 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on CHP.UN shares. National Bankshares downgraded shares of Choice Properties Real Est Invstmnt Trst from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from C$16.00 to C$15.50 in a report on Thursday, September 25th. 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 research report on Monday, July 21st. Finally, Royal Bank Of Canada increased their target price on shares of 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 MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$15.86.

Choice Properties Real Est Invstmnt Trst Trading Down 0.4%

The stock has a market capitalization of C$10.48 billion, a price-to-earnings ratio of -86.22 and a beta of 0.74. The company's 50-day moving average is C$14.65 and its 200-day moving average is C$14.60. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

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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