Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Increased to C$15.50 by Analysts at Raymond James

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its target price raised by Raymond James from C$15.00 to C$15.50 in a report published on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on CHP.UN. Desjardins increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday. BMO Capital Markets increased their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an outperform rating in a report on Monday. TD Securities lowered their price target on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday, April 24th. 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 target for the company in a report on Friday, April 26th. Finally, Scotiabank upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an outperform rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of C$15.19.

Choice Properties Real Est Invstmnt Trst Stock Down 0.8 %

Shares of TSE CHP.UN opened at C$14.17 on Monday. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$11.79 and a 12-month high of C$14.51. The company has a market cap of C$4.65 billion, a P/E ratio of 15.39 and a beta of 0.65. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 268.38. The stock has a fifty day moving average price of C$13.05 and a 200 day moving average price of C$13.40.

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.