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

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$15.81.

CHP.UN has been the topic of several recent analyst reports. Raymond James cut their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th. National Bankshares set a C$15.50 price objective on Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research note on Friday, December 20th. Finally, Scotiabank dropped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research note on Thursday, January 30th.

Choice Properties Real Est Invstmnt Trst Trading Down 1.8 %

TSE:CHP.UN opened at C$13.71 on Wednesday. Choice Properties Real Est Invstmnt Trst has a 12 month low of C$12.42 and a 12 month high of C$15.33. The stock has a market cap of C$4.49 billion, a price-to-earnings ratio of 15.40 and a beta of 0.67. The company has a 50-day moving average price of C$13.74 and a 200-day moving average price of C$13.91. The company has a current ratio of 0.70, a quick ratio of 0.13 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.