Brokerages Set Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target at C$15.93

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) has been given an average recommendation of "Buy" by the six brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$15.93.

CHP.UN has been the topic of a number of research analyst reports. Raymond James raised their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. TD Securities lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. BMO Capital Markets lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research note on Monday, October 28th. Canaccord Genuity Group lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a "buy" rating in a research note on Monday, September 16th. Finally, CIBC lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th.

Choice Properties Real Est Invstmnt Trst Trading Up 0.4 %

TSE:CHP.UN traded up C$0.05 during mid-day trading on Thursday, reaching C$13.99. The company's stock had a trading volume of 319,456 shares, compared to its average volume of 395,332. The company's fifty day simple moving average is C$14.36 and its two-hundred day simple moving average is C$13.89. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. 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 stock has a market cap of C$4.59 billion, a P/E ratio of 15.72 and a beta of 0.67.

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.