Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Hits New 1-Year Low at $0.01
Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares hit a new 52-week low on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 510786 shares. The stock had previously closed at C$12.77.
Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Choice Properties Real Est Invstmnt Trst from C$13.00 to C$13.50 in a research report on Friday, November 6th. Scotiabank boosted their target price on Choice Properties Real Est Invstmnt Trst from C$12.50 to C$13.50 in a report on Thursday, November 12th. Finally, National Bank Financial upped their price target on Choice Properties Real Est Invstmnt Trst from C$13.00 to C$13.50 and gave the stock a “sector perform” rating in a research note on Thursday, November 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Choice Properties Real Est Invstmnt Trst has a consensus rating of “Hold” and an average target price of C$13.92.
The stock’s 50-day moving average is C$13.25 and its 200 day moving average is C$12.86. The stock has a market cap of C$4.18 billion and a price-to-earnings ratio of 6.65. The company has a debt-to-equity ratio of 332.97, a current ratio of 0.87 and a quick ratio of 0.25.
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.
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