Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Earns Sector Perform Rating from Royal Bank of Canada

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)‘s stock had its “sector perform” rating reiterated by equities researchers at Royal Bank of Canada in a research report issued on Thursday, Stock Target Advisor reports. They currently have a C$14.50 price objective on the real estate investment trust’s stock. Royal Bank of Canada’s target price indicates a potential downside of 1.16% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. National Bank Financial upped their price objective on Choice Properties Real Est Invstmnt Trst to C$15.00 and gave the stock a “na” rating in a research note on Monday. TD Securities upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock a “hold” rating in a research report on Monday, June 28th. BMO Capital Markets raised 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 “market perform” rating in a research note on Monday, May 3rd. CIBC raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$14.00 to C$14.25 and gave the company a “neutral” rating in a research note on Monday, May 3rd. Finally, National Bankshares raised their target price on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.00 in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of C$14.75.

Shares of CHP.UN traded down C$0.06 during mid-day trading on Thursday, reaching C$14.67. The stock had a trading volume of 20,467 shares, compared to its average volume of 489,109. The firm has a market capitalization of C$4.80 billion and a price-to-earnings ratio of 85.79. Choice Properties Real Est Invstmnt Trst has a 12 month low of C$11.94 and a 12 month high of C$14.93. The business’s fifty day moving average price is C$14.55. The company has a debt-to-equity ratio of 349.88, a quick ratio of 0.25 and a current ratio of 0.35.

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.

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