Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Lowered to C$15.00 at Desjardins

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target reduced by Desjardins from C$15.50 to C$15.00 in a research report released on Friday, BayStreet.CA reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group upgraded Choice Properties Real Est Invstmnt Trst from a hold rating to a buy rating and set a C$14.50 price objective for the company in a report on Friday. TD Securities decreased their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$14.81.

Choice Properties Real Est Invstmnt Trst Stock Up 0.2 %

TSE CHP.UN opened at C$13.09 on Friday. The firm has a market capitalization of C$4.29 billion, a price-to-earnings ratio of 12.01 and a beta of 0.64. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$11.79 and a 52 week high of C$14.78. The company has a quick ratio of 0.13, a current ratio of 0.43 and a debt-to-equity ratio of 279.73. The company has a fifty day moving average of C$13.46 and a two-hundred day moving average of C$13.44.

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.