Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$15.58 and traded as high as C$16.65. Choice Properties Real Est Invstmnt Trst shares last traded at C$16.55, with a volume of 169,220 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on CHP.UN. Royal Bank Of Canada raised shares of Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$17.00 to C$17.50 in a research note on Wednesday, May 27th. National Bank Financial upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the company a “sector perform” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$16.60.

Choice Properties Real Est Invstmnt Trst Stock Performance

The stock has a 50-day moving average of C$15.81 and a 200 day moving average of C$15.58. The stock has a market cap of C$11.98 billion, a PE ratio of -228.24 and a beta of 0.67. 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 issued its earnings results 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 company had revenue of C$362.36 million during the quarter.

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.