Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$16.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target upped by Scotiabank from C$16.00 to C$16.50 in a research note published on Friday,BayStreet.CA reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also recently commented on CHP.UN. National Bank Financial raised their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the company a “sector perform” rating in a research report on Friday. Raymond James Financial upped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the stock a “market perform” rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$16.20.

Choice Properties Real Est Invstmnt Trst Trading Up 1.3%

CHP.UN opened at C$15.72 on Friday. Choice Properties Real Est Invstmnt Trst has a one year low of C$13.39 and a one year high of C$15.85. The stock has a market capitalization of C$11.38 billion, a PE ratio of 14.51 and a beta of 0.78. The business’s 50 day moving average price is C$15.26 and its 200 day moving average price is C$14.94. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70.

About Choice Properties Real Est Invstmnt Trst

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.