Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Announces Earnings Results

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) released its earnings results on Wednesday. The real estate investment trust reported C($0.24) EPS for the quarter, FiscalAI reports. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%. The company had revenue of C$362.63 million for the quarter.

Choice Properties Real Est Invstmnt Trst Stock Up 0.1%

CHP.UN stock opened at C$16.30 on Thursday. Choice Properties Real Est Invstmnt Trst has a 12 month low of C$14.09 and a 12 month high of C$16.87. The firm has a market cap of C$11.80 billion, a PE ratio of -224.79 and a beta of 0.67. The firm has a 50 day simple moving average of C$16.09 and a 200 day simple moving average of C$15.73. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHP.UN. National Bank Financial increased their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the company a “sector perform” rating in a report on Monday, April 20th. Royal Bank Of Canada upgraded Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$17.00 to C$17.50 in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$16.75.

Choice Properties Real Est Invstmnt Trst Company Profile

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.