Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price upped by analysts at BMO Capital Markets from C$15.50 to C$16.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 10.27% from the company’s current price.

CHP.UN has been the subject of several other research reports. Desjardins raised their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Monday, July 22nd. Scotiabank boosted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Raymond James increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research note on Friday, September 6th. TD Securities boosted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Canaccord Genuity Group increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$15.75.

Choice Properties Real Est Invstmnt Trst Stock Performance

Choice Properties Real Est Invstmnt Trst stock traded up C$0.03 during mid-day trading on Monday, reaching C$14.51. 53,171 shares of the company’s stock were exchanged, compared to its average volume of 398,719. The firm has a market capitalization of C$4.76 billion, a PE ratio of 16.29 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a one year low of C$11.79 and a one year high of C$15.33. 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 business’s fifty day simple moving average is C$14.75 and its 200 day simple moving average is C$13.74.

About Choice Properties Real Est Invstmnt Trst

Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high quality portfolio comprising 756 properties totaling 67.7 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an unmatched development pipeline.