Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Passes Below 200-Day Moving Average – Should You Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.78 and traded as low as C$15.36. Choice Properties Real Est Invstmnt Trst shares last traded at C$15.44, with a volume of 978,623 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada upgraded Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$17.00 to C$17.50 in a research report on Wednesday, May 27th. BMO Capital Markets raised their price objective on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$17.00 in a research note on Friday, July 24th. Finally, Scotiabank reduced their price objective on Choice Properties Real Est Invstmnt Trst from C$17.50 to C$17.00 in a research note on Monday, July 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Choice Properties Real Est Invstmnt Trst currently has an average rating of “Moderate Buy” and an average price target of C$16.90.

Choice Properties Real Est Invstmnt Trst Stock Up 0.2%

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 stock’s fifty day simple moving average is C$16.02 and its 200-day simple moving average is C$15.78. The stock has a market cap of C$11.18 billion, a P/E ratio of -149.78 and a beta of 0.66.

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

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.