Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$15.79 and traded as low as C$15.56. Choice Properties Real Est Invstmnt Trst shares last traded at C$15.62, with a volume of 680,426 shares traded.
Analyst Ratings Changes
A number of research firms recently issued reports on CHP.UN. BMO Capital Markets boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$17.00 in a research report on Friday, July 24th. Scotiabank reduced their price target on shares of Choice Properties Real Est Invstmnt Trst from C$17.50 to C$17.00 in a report on Monday, July 27th. Finally, Royal Bank Of Canada raised shares of Choice Properties Real Est Invstmnt Trst from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$17.00 to C$17.50 in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Choice Properties Real Est Invstmnt Trst currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.90.
Check Out Our Latest Stock Report on CHP.UN
Choice Properties Real Est Invstmnt Trst Trading Down 1.8%
Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported C($0.24) EPS for the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.The business had revenue of C$362.63 million for the quarter.
About Choice Properties Real Est Invstmnt Trst
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. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company’s principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.
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