Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$15.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target raised by CIBC from C$15.00 to C$15.50 in a report released on Friday,BayStreet.CA reports.

Several other brokerages have also commented on CHP.UN. Desjardins raised their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Monday, July 22nd. BMO Capital Markets lifted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Raymond James upped their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. Canaccord Genuity Group lifted their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, TD Securities lifted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Trading Down 0.6 %

Shares of TSE:CHP.UN traded down C$0.09 during trading on Friday, reaching C$13.97. 389,066 shares of the company were exchanged, compared to its average volume of 399,496. The business’s fifty day simple moving average is C$14.74 and its 200-day simple moving average is C$13.78. The firm has a market capitalization of C$4.58 billion, a PE ratio of 15.70 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$12.42 and a 12-month high of C$15.33. 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, 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.