Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 52-Week High – Here’s What Happened

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UNGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$15.49 and last traded at C$15.46, with a volume of 103506 shares. The stock had previously closed at C$15.41.

Analyst Ratings Changes

Separately, National Bankshares lowered shares of Choice Properties Real Est Invstmnt Trst from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$16.00 to C$15.50 in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$15.90.

Read Our Latest Stock Analysis on CHP.UN

Choice Properties Real Est Invstmnt Trst Price Performance

The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13. The company’s 50 day moving average price is C$14.86 and its 200 day moving average price is C$14.75. The firm has a market capitalization of C$11.19 billion, a P/E ratio of 14.27 and a beta of 0.72.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UNGet Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported C$0.34 EPS for the quarter. The firm had revenue of C$363.22 million for the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.

Choice Properties Real Est Invstmnt Trst Company Profile

(Get Free Report)

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.

Further Reading

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