Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.97 and traded as low as C$13.81. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.82, with a volume of 420,076 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on CHP.UN. National Bankshares set a C$15.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. Raymond James cut their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. Finally, Scotiabank decreased their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The stock has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 15.53 and a beta of 0.67. The firm’s fifty day moving average price is C$13.50 and its 200 day moving average price is C$13.97.

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.