Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Rating Lowered by Desjardins

Desjardins downgraded shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) from a buy rating to a hold rating in a report issued on Monday morning,BayStreet.CA reports. The firm currently has C$16.00 target price on the real estate investment trust’s stock.

Several other brokerages have also issued reports on CHP.UN. Scotiabank increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Royal Bank Of Canada increased their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, National Bankshares raised shares of Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$15.50 to C$16.00 in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$16.00.

Choice Properties Real Est Invstmnt Trst Trading Down 0.4%

CHP.UN opened at C$14.54 on Monday. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$12.51 and a twelve month high of C$15.33. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. The company has a fifty day moving average of C$14.78 and a 200-day moving average of C$14.16. The stock has a market cap of C$4.77 billion, a PE ratio of 16.34 and a beta of 0.67.

Choice Properties Real Est Invstmnt Trst Company Profile

Choice Properties Real Estate Investment Trust invests in, manages, and develops retail and commercial properties across Canada. The company’s portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick.