Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) PT Lowered to C$15.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price dropped by research analysts at TD Securities from C$16.00 to C$15.00 in a note issued to investors on Wednesday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 14.85% from the company’s current price.

Separately, Desjardins upped 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Choice Properties Real Est Invstmnt Trst presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.88.

Choice Properties Real Est Invstmnt Trst Stock Up 0.8 %

Shares of TSE CHP.UN opened at C$13.06 on Wednesday. The firm’s 50-day simple moving average is C$13.47 and its 200 day simple moving average is C$13.44. The company has a market cap of C$4.28 billion, a price-to-earnings ratio of 11.98 and a beta of 0.64. The company has a quick ratio of 0.13, a current ratio of 0.43 and a debt-to-equity ratio of 279.73. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$11.79 and a 12-month high of C$14.99.

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.