Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) PT Set at C$15.50 by National Bankshares

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) received a C$15.50 price target from investment analysts at National Bankshares in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price target points to a potential upside of 16.19% from the stock’s previous close.

CHP.UN has been the subject of a number of other research reports. BMO Capital Markets increased their target price on Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a report on Monday, October 28th. Canaccord Genuity Group boosted their target price on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.50 and gave the company a “buy” rating in a research note on Monday, September 16th. CIBC raised their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. TD Securities boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Raymond James increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.50 in a report on Friday, September 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.88.

Choice Properties Real Est Invstmnt Trst Stock Up 1.4 %

CHP.UN stock traded up C$0.18 during mid-day trading on Friday, hitting C$13.34. 150,620 shares of the company were exchanged, compared to its average volume of 394,838. The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$12.42 and a 1-year high of C$15.33. The firm’s 50 day simple moving average is C$14.11 and its 200 day simple moving average is C$13.93. The firm has a market cap of C$4.37 billion, a P/E ratio of 14.99 and a beta of 0.67.

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.