Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Given New C$15.50 Price Target at BMO Capital Markets

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target increased by BMO Capital Markets from C$15.00 to C$15.50 in a research report report published on Monday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on CHP.UN. TD Securities cut their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. Raymond James set a C$15.00 price target on shares of Choice Properties Real Est Invstmnt Trst and gave the company an outperform rating in a research report on Friday, June 14th. Canaccord Genuity Group upgraded shares of Choice Properties Real Est Invstmnt Trst from a hold rating to a buy rating and set a C$14.50 price target on the stock in a research report on Friday, April 26th. Finally, Desjardins increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Choice Properties Real Est Invstmnt Trst has an average rating of Moderate Buy and a consensus price target of C$15.19.

Choice Properties Real Est Invstmnt Trst Stock Performance

Shares of TSE:CHP.UN opened at C$14.17 on Monday. The company has a market capitalization of C$4.65 billion, a price-to-earnings ratio of 15.39 and a beta of 0.65. The firm’s 50 day simple moving average is C$13.05 and its 200 day simple moving average is C$13.40. The company has a debt-to-equity ratio of 268.38, a current ratio of 0.16 and a quick ratio of 0.13. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$11.79 and a fifty-two week high of C$14.51.

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.