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

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

Choice Properties Real Est Invstmnt Trst Stock Down 3.2%

TSE CHP.UN opened at C$15.78 on Friday. The firm has a market cap of C$11.42 billion, a PE ratio of -217.62 and a beta of 0.67. Choice Properties Real Est Invstmnt Trst has a one year low of C$14.09 and a one year high of C$16.87. The stock’s 50 day simple moving average is C$16.11 and its 200 day simple moving average is C$15.74. 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 brokerages have issued reports on CHP.UN. National Bank Financial boosted their price target 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 raised shares of Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$17.50 in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.