Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 12-Month High at $15.10

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$15.10 and last traded at C$15.08, with a volume of 57535 shares changing hands. The stock had previously closed at C$15.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CHP.UN shares. Desjardins raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday, July 22nd. Scotiabank raised their price objective 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, July 22nd. TD Securities raised their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Canaccord Genuity Group raised their price target on Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Raymond James raised their price target on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a research report on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Choice Properties Real Est Invstmnt Trst currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.50.

Choice Properties Real Est Invstmnt Trst Stock Up 1.9 %

The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The company has a market capitalization of C$5.01 billion, a P/E ratio of 16.85 and a beta of 0.66. The company has a 50-day moving average of C$14.19 and a two-hundred day moving average of C$13.51.

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.