Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$15.70 and traded as low as C$14.63. Choice Properties Real Est Invstmnt Trst shares last traded at C$14.67, with a volume of 560,017 shares trading hands.

Analyst Ratings Changes

CHP.UN has been the topic of several analyst reports. BMO Capital Markets lifted their price objective on Choice Properties Real Est Invstmnt Trst from C$16.50 to C$17.00 in a report on Friday, July 24th. Scotiabank reduced their target price on Choice Properties Real Est Invstmnt Trst from C$17.50 to C$17.00 in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$16.90.

View Our Latest Research Report on CHP.UN

Choice Properties Real Est Invstmnt Trst Price Performance

The company has a market cap of C$10.76 billion, a P/E ratio of -144.25 and a beta of 0.59. The company’s 50-day moving average price is C$15.47 and its two-hundred day moving average price is C$15.69. The company has a current ratio of 0.70, a quick ratio of 0.13 and a debt-to-equity ratio of 249.71.

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. The company had revenue of C$362.63 million for the quarter. Choice Properties Real Est Invstmnt Trst had a return on equity of 13.73% and a net margin of 44.96%.

About Choice Properties Real Est Invstmnt Trst

(Get Free Report)

Choice Properties is Canada’s largest real estate investment trust, guided by a clear purpose: to create places where people thrive. This is how we build enduring value. As a national owner, operator, and developer of high-quality commercial and residential real estate, we go beyond managing assets. We create places that strengthen how tenants and communities live, work, and connect. Our platform is built on industry leadership in sustainability, community engagement, and social impact, embedded across how we operate, build, and grow.

Further Reading

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