Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$15.50 at BMO Capital Markets

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective hoisted by BMO Capital Markets from C$15.00 to C$15.50 in a report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Desjardins lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday. Raymond James set a C$15.00 price target on shares of Choice Properties Real Est Invstmnt Trst and gave the company an outperform rating in a report on Friday, June 14th. TD Securities decreased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday, April 24th. Finally, Canaccord Genuity Group raised shares of Choice Properties Real Est Invstmnt Trst from a hold rating to a buy rating and set a C$14.50 price target for the company in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$15.19.

Choice Properties Real Est Invstmnt Trst Trading Down 0.8 %

TSE CHP.UN opened at C$14.17 on Monday. Choice Properties Real Est Invstmnt Trst has a one year low of C$11.79 and a one year high of C$14.51. The company has a 50-day simple moving average of C$13.05 and a 200-day simple moving average of C$13.40. The company has a debt-to-equity ratio of 268.38, a quick ratio of 0.13 and a current ratio of 0.16. The firm has a market capitalization of C$4.65 billion, a PE ratio of 15.39 and a beta of 0.65.

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.