Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given Average Rating of “Buy” by Brokerages

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has received an average rating of “Buy” from the six research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$15.93.

CHP.UN has been the topic of several recent research reports. CIBC upped their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Friday, November 8th. Raymond James upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. TD Securities boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Canaccord Genuity Group raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, BMO Capital Markets boosted their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th.

Choice Properties Real Est Invstmnt Trst Stock Down 0.6 %

Choice Properties Real Est Invstmnt Trst stock opened at C$13.75 on Thursday. The stock’s 50 day moving average price is C$14.30 and its 200 day moving average price is C$13.91. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$12.42 and a 1-year high of C$15.33. The company has a market cap of C$4.51 billion, a PE ratio of 15.45 and a beta of 0.67. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

About Choice Properties Real Est Invstmnt Trst

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.