Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective hoisted by equities research analysts at Raymond James Financial from C$16.25 to C$16.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the real estate investment trust’s stock. Raymond James Financial’s price target indicates a potential upside of 5.03% from the stock’s current price.

Separately, National Bank Financial increased their price target on shares of 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 note on Friday. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$16.20.

Choice Properties Real Est Invstmnt Trst Trading Up 1.2%

CHP.UN traded up C$0.19 during midday trading on Friday, hitting C$15.71. 99,864 shares of the company were exchanged, compared to its average volume of 363,991. The firm’s 50 day moving average price is C$15.23 and its 200-day moving average price is C$14.92. 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 firm has a market capitalization of C$11.37 billion, a P/E ratio of 14.50 and a beta of 0.78. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

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.