Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 12-Month High at $14.49

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$14.49 and last traded at C$14.48, with a volume of 99676 shares traded. The stock had previously closed at C$14.28.

Wall Street Analysts Forecast Growth

CHP.UN has been the topic of several recent analyst reports. TD Securities cut their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a report on Wednesday, April 24th. BMO Capital Markets lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Monday. Scotiabank lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Monday. Raymond James lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Monday. Finally, Desjardins lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$15.19.

Choice Properties Real Est Invstmnt Trst Price Performance

The stock has a market cap of C$4.68 billion, a price-to-earnings ratio of 15.55 and a beta of 0.65. The company has a 50-day simple moving average of C$13.02 and a two-hundred day simple moving average of C$13.39. The company has a debt-to-equity ratio of 268.38, a quick ratio of 0.13 and a current ratio of 0.16.

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.