Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.29 and traded as low as C$15.05. Choice Properties Real Est Invstmnt Trst shares last traded at C$15.06, with a volume of 458,701 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHP.UN shares. Royal Bank Of Canada lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 24th. Raymond James Financial lifted their target price 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 research report on Friday, February 20th. National Bank Financial lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock a “sector perform” rating in a research report on Monday, April 20th. Finally, Scotiabank lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst presently has an average rating of “Hold” and a consensus target price of C$16.50.

Choice Properties Real Est Invstmnt Trst Price Performance

The business’s 50-day simple moving average is C$15.51 and its 200-day simple moving average is C$15.29. The stock has a market cap of C$10.90 billion, a PE ratio of -207.69 and a beta of 0.75. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported C($0.27) earnings per share (EPS) for the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%. The firm had revenue of C$362.36 million during the quarter.

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.