Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Raised to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) from a hold rating to a buy rating in a research note released on Friday, BayStreet.CA reports. Canaccord Genuity Group currently has C$14.50 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on CHP.UN. TD Securities dropped their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. Desjardins boosted their price target 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 report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Choice Properties Real Est Invstmnt Trst currently has a consensus rating of Moderate Buy and a consensus price target of C$14.81.

Choice Properties Real Est Invstmnt Trst Stock Up 0.2 %

Shares of Choice Properties Real Est Invstmnt Trst stock opened at C$13.09 on Friday. The business’s 50 day simple moving average is C$13.45 and its 200 day simple moving average is C$13.45. Choice Properties Real Est Invstmnt Trst has a 52-week low of C$11.79 and a 52-week high of C$14.78. The firm has a market cap of C$4.29 billion, a PE ratio of 12.01 and a beta of 0.64. The company has a debt-to-equity ratio of 279.73, a quick ratio of 0.13 and a current ratio of 0.43.

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.