Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Upgraded by Canaccord Genuity Group to Buy

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) was upgraded by stock analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has a C$14.50 price target on the real estate investment trust’s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 11.54% from the company’s previous close.

Several other analysts have also commented on CHP.UN. Desjardins lifted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Friday, February 16th. TD Securities reduced their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$14.81.

Choice Properties Real Est Invstmnt Trst Trading Down 0.5 %

Shares of CHP.UN stock traded down C$0.06 during trading on Friday, hitting C$13.00. 146,189 shares of the stock traded hands, compared to its average volume of 414,150. The firm has a market capitalization of C$4.26 billion, a P/E ratio of 11.94 and a beta of 0.64. The company has a debt-to-equity ratio of 279.73, a current ratio of 0.43 and a quick ratio of 0.13. The firm’s fifty day moving average price is C$13.47 and its 200-day moving average price is C$13.44. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$11.79 and a 52-week high of C$14.78.

Choice Properties Real Est Invstmnt Trst Company Profile

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.