Choice Properties REIT (TSE:CHP) Rating Increased to Moderate Buy at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Choice Properties REIT (TSE:CHP) from a hold rating to a moderate buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Colliers Securities upgraded Choice Properties REIT to a “hold” rating in a report on Thursday, April 16th. Canadian Imperial Bank of Commerce upgraded Choice Properties REIT from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Choice Properties REIT Stock Performance

Choice Properties REIT has a twelve month low of C$11.59 and a twelve month high of C$14.26.

Choice Properties REIT Company Profile

Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises over 530 properties with a total gross leasable area (GLA) of approximately 44 million square feet. Its portfolio includes retail properties, industrial properties, an office complex and undeveloped parcels of land. The retail properties are made up of approximately 320 properties with a standalone retail store operating under a Loblaw banner; approximately 190 properties anchored by a retail store operating under a Loblaw banner that also contain one or more ancillary tenants, and seven properties containing only ancillary tenants.