Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) PT Lowered to C$15.00 at Desjardins

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective reduced by investment analysts at Desjardins from C$15.50 to C$15.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Desjardins’ price objective points to a potential upside of 15.38% from the stock’s previous close.

CHP.UN has been the topic of several other research reports. Canaccord Genuity Group raised Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 target price on the stock in a research report on Friday. TD Securities lowered their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$14.81.

Choice Properties Real Est Invstmnt Trst Trading Down 0.5 %

CHP.UN traded down C$0.06 during trading on Friday, hitting C$13.00. 146,189 shares of the stock were exchanged, compared to its average volume of 414,150. The company has a debt-to-equity ratio of 279.73, a quick ratio of 0.13 and a current ratio of 0.43. The firm has a market cap of C$4.26 billion, a price-to-earnings ratio of 11.93 and a beta of 0.64. The firm has a 50 day simple moving average of C$13.47 and a 200 day simple moving average of C$13.44. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$11.79 and a 1 year high of C$14.78.

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.