Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Share Price Passes Below 200-Day Moving Average of $13.45

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.45 and traded as low as C$13.02. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.11, with a volume of 218,262 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Securities reduced their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday, April 24th. Desjardins dropped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$15.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Finally, 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 price objective for the company in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst presently has an average rating of “Moderate Buy” and a consensus target price of C$14.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 268.38. The stock has a market cap of C$4.30 billion, a price-to-earnings ratio of 14.25 and a beta of 0.64. The company’s 50-day simple moving average is C$13.39 and its 200-day simple moving average is C$13.45.

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.