Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Sets New 12-Month High – What’s Next?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$16.87 and last traded at C$15.68, with a volume of 1239190 shares traded. The stock had previously closed at C$15.75.

Analyst Upgrades and Downgrades

Several research firms have commented on CHP.UN. Royal Bank Of Canada upgraded Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$17.00 to C$17.50 in a research report on Wednesday, May 27th. Scotiabank upped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Raymond James Financial upped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, National Bank Financial upped their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the stock a “sector perform” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$16.60.

Choice Properties Real Est Invstmnt Trst Trading Down 1.3%

The company has a debt-to-equity ratio of 249.71, a quick ratio of 0.13 and a current ratio of 0.70. The firm has a market capitalization of C$11.39 billion, a price-to-earnings ratio of -217.07 and a beta of 0.67. The company has a 50 day moving average price of C$15.55 and a two-hundred day moving average price of C$15.36.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last announced its earnings results on Wednesday, April 29th. The real estate investment trust reported C($0.27) earnings per share for the quarter. The business had revenue of C$362.36 million for the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.

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. 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.