Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Raised to Outperform at National Bankshares

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) was upgraded by National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Monday,BayStreet.CA reports. The brokerage currently has a C$16.00 target price on the real estate investment trust’s stock, up from their prior target price of C$15.50. National Bankshares’ price objective suggests a potential upside of 9.97% from the stock’s previous close.

A number of other research firms have also commented on CHP.UN. Scotiabank decreased their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research report on Thursday, January 30th. Raymond James cut their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst has an average rating of “Buy” and an average target price of C$15.88.

Choice Properties Real Est Invstmnt Trst Stock Up 1.7 %

CHP.UN opened at C$14.55 on Monday. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.42 and a twelve month high of C$15.33. The firm has a market cap of C$4.77 billion, a price-to-earnings ratio of 16.35 and a beta of 0.67. The firm’s 50-day simple moving average is C$13.85 and its 200-day simple moving average is C$13.88. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70.

About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.