Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN – Get Free Report) had its target price lowered by stock analysts at Desjardins from C$15.50 to C$15.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Desjardins’ price target points to a potential upside of 14.59% from the company’s previous close.
Several other brokerages have also issued reports on CHP.UN. TD Securities decreased their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday. Canaccord Genuity Group raised Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 target price for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$14.81.
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Choice Properties Real Est Invstmnt Trst Trading Up 0.2 %
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.
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