Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Shares Pass Below 200-Day Moving Average – What’s Next?

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.00 and traded as low as C$13.63. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.81, with a volume of 428,879 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James lowered their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th. National Bankshares set a C$15.50 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the stock a “sector perform” rating in a research report on Friday, December 20th. Scotiabank lowered their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research report on Thursday, January 30th. Finally, CIBC upped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71. The company’s 50-day simple moving average is C$13.28 and its 200-day simple moving average is C$14.00. The stock has a market capitalization of C$4.53 billion, a price-to-earnings ratio of 15.52 and a beta of 0.67.

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.