Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 52-Week High – Still a Buy?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$15.82 and last traded at C$15.67, with a volume of 53013 shares traded. The stock had previously closed at C$15.70.

Choice Properties Real Est Invstmnt Trst Trading Down 1.5%

The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The company has a market capitalization of C$11.20 billion, a PE ratio of 14.28 and a beta of 0.72. The stock has a fifty day moving average of C$15.00 and a 200 day moving average of C$14.80.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported C$0.34 earnings per share (EPS) for the quarter. The business had revenue of C$363.22 million during the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company’s principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.