Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.79 and traded as low as C$15.56. Choice Properties Real Est Invstmnt Trst shares last traded at C$15.62, with a volume of 680,426 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently commented on CHP.UN shares. Royal Bank Of Canada upgraded shares of Choice Properties Real Est Invstmnt Trst from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$17.00 to C$17.50 in a research note on Wednesday, May 27th. BMO Capital Markets lifted their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$17.00 in a report on Friday, July 24th. Finally, Scotiabank lowered their price objective on Choice Properties Real Est Invstmnt Trst from C$17.50 to C$17.00 in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$16.90.
View Our Latest Report on Choice Properties Real Est Invstmnt Trst
Choice Properties Real Est Invstmnt Trst Trading Down 0.1%
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 stock has a market capitalization of C$11.31 billion, a PE ratio of -151.53 and a beta of 0.66. The business's 50-day moving average is C$16.12 and its two-hundred day moving average is C$15.79.
Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported C($0.24) EPS for the quarter. The business had revenue of C$362.63 million during the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%.
Choice Properties Real Est Invstmnt Trst Company Profile
(
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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. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.
Further Reading
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