Choice Properties REIT (TSE:CHP) Rating Increased to Strong-Buy at Canadian Imperial Bank of Commerce

Choice Properties REIT (TSE:CHP) was upgraded by Canadian Imperial Bank of Commerce from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Colliers Securities raised Choice Properties REIT to a “hold” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Choice Properties REIT Stock Performance

Choice Properties REIT has a 12-month low of C$11.59 and a 12-month high of C$14.26.

About Choice Properties REIT

Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises over 530 properties with a total gross leasable area (GLA) of approximately 44 million square feet. Its portfolio includes retail properties, industrial properties, an office complex and undeveloped parcels of land. The retail properties are made up of approximately 320 properties with a standalone retail store operating under a Loblaw banner; approximately 190 properties anchored by a retail store operating under a Loblaw banner that also contain one or more ancillary tenants, and seven properties containing only ancillary tenants.