Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Choice Properties Real Estate Investment Trust shares fell below their 200-day moving average, trading as low as C$14.14, indicating potential bearish momentum.
• Wall Street analysts have generally upgraded their outlook on the stock, with a consensus price target set at C$16.00, reflecting a predominantly optimistic sentiment.
• The company has a high debt-to-equity ratio of 249.71, which may raise concerns about its financial leverage compared to industry standards.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.24 and traded as low as C$14.14. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.26, with a volume of 401,045 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. National Bankshares raised shares of Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$15.50 to C$16.00 in a research report on Monday, April 14th. Scotiabank increased their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Desjardins cut Choice Properties Real Est Invstmnt Trst from a "buy" rating to a "hold" rating and set a C$16.00 target price on the stock. in a research report on Monday, July 21st. Finally, Royal Bank Of Canada lifted 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 report on Monday, July 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$16.00.

Choice Properties Real Est Invstmnt Trst Stock Down 1.0%

The business's fifty day simple moving average is C$14.63 and its two-hundred day simple moving average is C$14.27. The company has a market cap of C$4.66 billion, a PE ratio of 15.97 and a beta of 0.67. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

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.