Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$14.85 and traded as high as C$15.23. Choice Properties Real Est Invstmnt Trst shares last traded at C$15.15, with a volume of 391,650 shares traded.

Analysts Set New Price Targets

Separately, National Bankshares lowered Choice Properties Real Est Invstmnt Trst from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$16.00 to C$15.50 in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$15.90.

Choice Properties Real Est Invstmnt Trst Stock Performance

The stock has a market capitalization of C$11.15 billion, a P/E ratio of 14.22 and a beta of 0.72. The stock has a 50 day moving average of C$14.86 and a 200 day moving average of C$14.75. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.34 earnings per share for the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.The business had revenue of C$363.22 million during the quarter.

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.