Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below 200-Day Moving Average of $13.42

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$13.42 and traded as low as C$12.92. Choice Properties Real Est Invstmnt Trst shares last traded at C$12.96, with a volume of 456,165 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHP.UN. Desjardins increased their price objective on 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. Canaccord Genuity Group increased their price target on Choice Properties Real Est Invstmnt Trst from C$13.50 to C$14.50 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Choice Properties Real Est Invstmnt Trst presently has a consensus rating of “Moderate Buy” and an average target price of C$15.00.

Choice Properties Real Est Invstmnt Trst Stock Up 0.8 %

The company has a quick ratio of 0.13, a current ratio of 0.43 and a debt-to-equity ratio of 279.73. The company has a market capitalization of C$4.26 billion, a PE ratio of 11.91 and a beta of 0.64. The stock has a 50-day moving average of C$13.52 and a 200 day moving average of C$13.42.

Choice Properties Real Est Invstmnt Trst Company Profile

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.