Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have covered the stock in the last year is C$13.96.
A number of equities research analysts have commented on the company. Raymond James assumed coverage on PennantPark Investment in a research report on Monday, April 29th. They set an “outperform” rating and a $8.00 price objective for the company. National Bank Financial upgraded WSP Global from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$75.00 to C$79.00 in a research report on Wednesday, May 15th. Royal Bank of Canada raised their price objective on Principal Financial Group to $55.00 and gave the stock a “market perform” rating in a research report on Monday, April 29th. Canaccord Genuity raised their price objective on TransAlta Renewables from C$12.50 to C$13.00 in a research report on Monday, April 29th. Finally, TD Securities decreased their price objective on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating for the company in a research report on Monday, May 13th.
TSE CHP.UN traded up C$0.03 during trading on Monday, reaching C$13.71. 782,474 shares of the company’s stock were exchanged, compared to its average volume of 161,936. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$11.31 and a fifty-two week high of C$14.37. The company has a market capitalization of $3.83 billion and a price-to-earnings ratio of -4.35. The company has a quick ratio of 0.08, a current ratio of 0.11 and a debt-to-equity ratio of 501.17. The stock has a fifty day moving average price of C$13.80.
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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