Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Shares Pass Below Two Hundred Day Moving Average of $13.42

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.42 and traded as low as C$12.92. Choice Properties Real Est Invstmnt Trst shares last traded at C$12.96, with a volume of 456,165 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$13.50 to C$14.50 and gave the company a “hold” rating in a report on Wednesday, December 20th. Desjardins lifted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the company a “buy” rating in a report on Friday, February 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Choice Properties Real Est Invstmnt Trst presently has an average rating of “Moderate Buy” and an average target price of C$15.00.

Choice Properties Real Est Invstmnt Trst Price Performance

The company has a debt-to-equity ratio of 279.73, a quick ratio of 0.13 and a current ratio of 0.43. The company has a market cap of C$4.25 billion, a PE ratio of 11.89 and a beta of 0.64. The company’s 50-day simple moving average is C$13.55 and its 200 day simple moving average is C$13.42.

About Choice Properties Real Est Invstmnt Trst

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.