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Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Choice Properties Real Est Invstmnt Trst logo with Real Estate background
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Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.99 and traded as low as C$13.87. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.00, with a volume of 369,992 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHP.UN. Raymond James reduced their price objective on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research note on Monday, January 13th. Scotiabank reduced their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th. Finally, National Bankshares set a C$15.50 target price on Choice Properties Real Est Invstmnt Trst and gave the company a "sector perform" rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$15.81.

View Our Latest Stock Analysis on Choice Properties Real Est Invstmnt Trst

Choice Properties Real Est Invstmnt Trst Price Performance

The company has a market capitalization of C$4.65 billion, a P/E ratio of 15.93 and a beta of 0.67. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The business has a 50 day simple moving average of C$13.37 and a 200-day simple moving average of C$14.00.

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Choice Properties Real Est Invstmnt Trst Company Profile

(Get Free Report)

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.

Further Reading

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