National Bank Financial Boosts Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective raised by equities research analysts at National Bank Financial from C$15.50 to C$16.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s price objective would suggest a potential upside of 1.85% from the company’s previous close.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of CHP.UN traded up C$0.19 on Friday, reaching C$15.71. The stock had a trading volume of 99,864 shares, compared to its average volume of 363,991. The firm has a 50-day moving average of C$15.23 and a 200 day moving average of C$14.92. The firm has a market capitalization of C$11.37 billion, a PE ratio of 14.50 and a beta of 0.78. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$13.39 and a twelve month high of C$15.85. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

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.