Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Free Report) had its target price reduced by Desjardins from C$15.50 to C$15.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the real estate investment trust's stock.
A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity Group raised shares of Choice Properties Real Est Invstmnt Trst from a hold rating to a buy rating and set a C$14.50 target price for the company in a research note on Friday. TD Securities decreased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of C$14.81.
Read Our Latest Report on Choice Properties Real Est Invstmnt Trst
Choice Properties Real Est Invstmnt Trst Stock Up 0.2 %
Shares of TSE:CHP.UN traded up C$0.03 during trading on Friday, reaching C$13.09. 351,195 shares of the company traded hands, compared to its average volume of 416,838. The firm has a fifty day simple moving average of C$13.46 and a 200 day simple moving average of C$13.44. The firm has a market cap of C$4.29 billion, a P/E ratio of 11.97 and a beta of 0.64. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$11.79 and a 1-year high of C$14.78. The company has a quick ratio of 0.13, a current ratio of 0.43 and a debt-to-equity ratio of 279.73.
About Choice Properties Real Est Invstmnt Trst
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Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.
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