Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$16.50 Price Target at Scotiabank

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price hoisted by Scotiabank from C$16.00 to C$16.50 in a research note published on Friday,BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. National Bank Financial raised their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the stock a “sector perform” rating in a research report on Friday. Raymond James Financial raised their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the stock a “market perform” rating in a report on Friday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$16.20.

Choice Properties Real Est Invstmnt Trst Stock Performance

CHP.UN stock opened at C$15.72 on Friday. 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 1 year low of C$13.39 and a 1 year high of C$15.85. The company has a market cap of C$11.38 billion, a P/E ratio of 14.51 and a beta of 0.78. The stock’s fifty day moving average price is C$15.26 and its 200-day moving average price is C$14.93.

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. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company’s principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.