Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Rating Upgraded by Canaccord Genuity Group

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) was upgraded by research analysts at Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a C$14.50 price objective on the real estate investment trust’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 10.77% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Desjardins boosted their price target on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the stock a “buy” rating in a research note on Friday, February 16th. TD Securities dropped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$14.81.

Choice Properties Real Est Invstmnt Trst Stock Up 0.2 %

Choice Properties Real Est Invstmnt Trst stock opened at C$13.09 on Friday. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$11.79 and a fifty-two week high of C$14.78. The company has a debt-to-equity ratio of 279.73, a quick ratio of 0.13 and a current ratio of 0.43. The firm has a 50 day moving average price of C$13.45 and a 200 day moving average price of C$13.44. The company has a market capitalization of C$4.29 billion, a PE ratio of 12.01 and a beta of 0.64.

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.