Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.73 and traded as low as C$14.69. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.73, with a volume of 285,546 shares.

Analyst Upgrades and Downgrades

Separately, National Bankshares lowered Choice Properties Real Est Invstmnt Trst from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$16.00 to C$15.50 in a research report on Thursday, September 25th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$15.90.

Choice Properties Real Est Invstmnt Trst Price Performance

The firm has a market cap of C$10.66 billion, a PE ratio of 13.59 and a beta of 0.64. 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 company’s 50-day simple moving average is C$14.86 and its two-hundred day simple moving average is C$14.73.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported C$0.34 EPS for the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.The company had revenue of C$363.22 million during the quarter.

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.