Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below 200-Day Moving Average of $14.56

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UNGet Rating) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.56 and traded as low as C$13.45. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.47, with a volume of 148,202 shares trading hands.

Wall Street Analysts Forecast Growth

CHP.UN has been the topic of a number of analyst reports. Scotiabank lowered their price objective on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$15.00 in a research report on Wednesday, August 3rd. Royal Bank of Canada lowered their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Monday, July 25th. National Bankshares lowered their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 20th. Finally, TD Securities raised Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$16.00 to C$15.50 in a research report on Monday, June 27th.

Choice Properties Real Est Invstmnt Trst Price Performance

The firm has a 50 day moving average of C$13.94 and a 200-day moving average of C$14.54. The company has a market cap of C$4.01 billion and a P/E ratio of 25.50. The company has a current ratio of 0.54, a quick ratio of 0.15 and a debt-to-equity ratio of 340.86.

Choice Properties Real Est Invstmnt Trst Company Profile

(Get Rating)

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.

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