Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Reaches New 1-Year High at $13.17

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$13.17 and last traded at C$13.08, with a volume of 8673 shares. The stock had previously closed at C$13.01.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Desjardins dropped their price target on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 and set a “buy” rating for the company in a report on Monday, July 24th. TD Securities dropped their price target on Choice Properties Real Est Invstmnt Trst from C$17.00 to C$16.00 in a report on Wednesday, July 5th. Finally, National Bankshares dropped their price target on Choice Properties Real Est Invstmnt Trst from C$15.00 to C$14.00 in a report on Tuesday, July 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$15.34.

Choice Properties Real Est Invstmnt Trst Stock Performance

The stock has a 50 day simple moving average of C$13.44 and a 200 day simple moving average of C$13.89. The company has a current ratio of 0.36, a quick ratio of 0.13 and a debt-to-equity ratio of 266.70. The stock has a market cap of C$4.28 billion, a P/E ratio of 8.04 and a beta of 0.63.

About Choice Properties Real Est Invstmnt Trst

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.