Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target Raised to C$16.00

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target upped by analysts at National Bank Financial from C$15.50 to C$16.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s price target suggests a potential upside of 1.85% from the stock’s current price.

Choice Properties Real Est Invstmnt Trst Stock Up 1.2%

CHP.UN stock traded up C$0.19 during midday trading on Friday, reaching C$15.71. 99,864 shares of the company were exchanged, compared to its average volume of 363,991. 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 stock’s 50-day simple moving average is C$15.23 and its 200 day simple moving average is C$14.92. The company has a market cap of C$11.37 billion, a price-to-earnings ratio of 14.50 and a beta of 0.78. Choice Properties Real Est Invstmnt Trst has a 1-year low of C$13.39 and a 1-year high of C$15.85.

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.