Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$17.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target hoisted by investment analysts at BMO Capital Markets from C$16.50 to C$17.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 6.78% from the company’s previous close.

Several other analysts have also recently issued reports on CHP.UN. Royal Bank Of Canada upgraded Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$17.00 to C$17.50 in a research report on Wednesday, May 27th. National Bank Financial boosted their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock a “sector perform” rating in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$16.80.

Choice Properties Real Est Invstmnt Trst Price Performance

CHP.UN stock traded up C$0.14 during trading on Friday, reaching C$15.92. The company’s stock had a trading volume of 327,173 shares, compared to its average volume of 545,851. Choice Properties Real Est Invstmnt Trst has a 1 year low of C$14.09 and a 1 year high of C$16.87. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The company has a market capitalization of C$11.52 billion, a P/E ratio of -219.55 and a beta of 0.67. The company’s fifty day moving average is C$16.11 and its 200-day moving average is C$15.74.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported C($0.24) EPS for the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%. The business had revenue of C$362.63 million for the quarter.

Choice Properties Real Est Invstmnt Trst Company Profile

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.