Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Rating Increased 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 report sent to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group currently has C$14.50 price objective on the real estate investment trust’s stock.

Several other research analysts also recently commented on the company. TD Securities cut their target price on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research note on Wednesday, April 24th. Desjardins raised their price target on Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the company a buy rating in a report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have issued 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 a consensus price target of C$14.81.

Choice Properties Real Est Invstmnt Trst Stock Down 0.7 %

Shares of TSE CHP.UN opened at C$13.00 on Friday. Choice Properties Real Est Invstmnt Trst has a 52 week low of C$11.79 and a 52 week high of C$14.73. The business has a 50-day simple moving average of C$13.45 and a two-hundred day simple moving average of C$13.45. 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 cap of C$4.26 billion, a P/E ratio of 11.93 and a beta of 0.64.

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.