Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$15.00.

Separately, Desjardins raised their price target on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research report on Friday, February 16th.

Choice Properties Real Est Invstmnt Trst Stock Performance

TSE CHP.UN opened at C$13.08 on Wednesday. The firm has a 50-day moving average of C$13.49 and a 200-day moving average of C$13.44. The company has a debt-to-equity ratio of 279.73, a quick ratio of 0.13 and a current ratio of 0.43. The stock has a market cap of C$4.29 billion, a PE ratio of 12.00 and a beta of 0.64. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$11.79 and a 52-week high of C$14.99.

Choice Properties Real Est Invstmnt Trst Company Profile

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.