Choice Properties REIT (TSE:CHP) Upgraded to Strong-Buy at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce upgraded shares of Choice Properties REIT (TSE:CHP) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Separately, Colliers Securities upgraded Choice Properties REIT to a “hold” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Choice Properties REIT Price Performance

Choice Properties REIT has a fifty-two week low of C$11.59 and a fifty-two week high of C$14.26.

Choice Properties REIT Company Profile

Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises over 530 properties with a total gross leasable area (GLA) of approximately 44 million square feet. Its portfolio includes retail properties, industrial properties, an office complex and undeveloped parcels of land. The retail properties are made up of approximately 320 properties with a standalone retail store operating under a Loblaw banner; approximately 190 properties anchored by a retail store operating under a Loblaw banner that also contain one or more ancillary tenants, and seven properties containing only ancillary tenants.