Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$17.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective raised by Royal Bank Of Canada from C$16.00 to C$17.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Friday, February 20th. National Bank Financial boosted their price target 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, February 20th. Finally, Raymond James Financial upped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the company a “market perform” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$16.40.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of CHP.UN stock opened at C$15.92 on Tuesday. The stock has a market cap of C$11.52 billion, a P/E ratio of 14.69 and a beta of 0.78. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The company has a fifty day moving average price of C$15.35 and a two-hundred day moving average price of C$14.97. Choice Properties Real Est Invstmnt Trst has a one year low of C$13.39 and a one year high of C$16.00.

Choice Properties Real Est Invstmnt Trst Company Profile

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.