Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Passes Below Two Hundred Day Moving Average of $13.43

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.43 and traded as low as C$12.67. Choice Properties Real Est Invstmnt Trst shares last traded at C$12.84, with a volume of 509,115 shares traded.

Analyst Ratings Changes

Several brokerages recently issued reports on CHP.UN. TD Securities cut their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research report on Wednesday, April 24th. Canaccord Genuity Group raised shares of Choice Properties Real Est Invstmnt Trst from a “hold” rating to a “buy” rating and set a C$14.50 price target on the stock in a research note on Friday, April 26th. Raymond James set a C$15.00 price objective on shares of Choice Properties Real Est Invstmnt Trst and gave the company an “outperform” rating in a research note on Friday, June 14th. Finally, Desjardins lowered their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$15.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have given 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 an average target price of C$14.83.

Choice Properties Real Est Invstmnt Trst Price Performance

The stock has a market capitalization of C$4.21 billion, a P/E ratio of 13.96 and a beta of 0.65. The company has a 50 day moving average of C$12.89 and a 200-day moving average of C$13.43. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 268.38.

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.