Raymond James Raises Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price objective lifted by Raymond James from C$15.50 to C$16.50 in a report issued on Friday, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Desjardins upped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research report on Monday, July 22nd. TD Securities upped their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the company a buy rating in a report on Wednesday. Scotiabank increased their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an outperform rating in a research report on Monday, July 22nd. Canaccord Genuity Group boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.00 and gave the company a buy rating in a research report on Monday, July 29th. Finally, BMO Capital Markets increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 and gave the stock an outperform rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst presently has a consensus rating of Moderate Buy and a consensus target price of C$15.50.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of TSE:CHP.UN opened at C$14.86 on Friday. The company’s fifty day moving average is C$14.04 and its two-hundred day moving average is C$13.47. The company has a market cap of C$4.87 billion, a P/E ratio of 16.70 and a beta of 0.66. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$11.79 and a 12-month high of C$15.10. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71.

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.