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

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) issued its earnings results on Wednesday. The real estate investment trust reported C($0.27) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$362.36 million for 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 0.5%

TSE:CHP.UN opened at C$15.12 on Thursday. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$14.09 and a 1-year high of C$16.51. The company has a 50-day moving average of C$15.63 and a 200 day moving average of C$15.25. The firm has a market cap of C$10.94 billion, a PE ratio of -177.88 and a beta of 0.70. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CHP.UN shares. Scotiabank boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Friday, February 20th. Royal Bank Of Canada boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 24th. Raymond James Financial boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the company a “market perform” rating in a research note on Friday, February 20th. Finally, National Bank Financial upped their price objective on shares of 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 note on Monday, April 20th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$16.50.

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.