National Bankshares Upgrades Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) to Outperform

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) was upgraded by equities research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a C$16.00 price target on the real estate investment trust’s stock, up from their previous price target of C$15.50. National Bankshares’ price objective would suggest a potential upside of 11.73% from the company’s previous close.

A number of other analysts have also issued reports on the company. Scotiabank cut their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.50 in a research report on Thursday, January 30th. Raymond James cut their price objective on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a report on Monday, January 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$15.88.

Choice Properties Real Est Invstmnt Trst Trading Up 4.0 %

Shares of CHP.UN traded up C$0.55 during trading on Monday, reaching C$14.32. 457,883 shares of the company traded hands, compared to its average volume of 497,629. The stock has a 50-day simple moving average of C$13.81 and a 200-day simple moving average of C$13.88. The stock has a market cap of C$4.69 billion, a PE ratio of 16.09 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.42 and a twelve month high of C$15.33. 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 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.