Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.02 and traded as low as C$12.94. Choice Properties Real Est Invstmnt Trst shares last traded at C$13.00, with a volume of 383,678 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on CHP.UN shares. BMO Capital Markets upped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$15.50 to C$16.00 in a research report on Monday, October 28th. Raymond James dropped their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$16.50 to C$16.00 in a research report on Monday, January 13th. National Bankshares set a C$15.50 target price on shares of Choice Properties Real Est Invstmnt Trst and gave the company a “sector perform” rating in a research note on Friday, December 20th. Finally, CIBC upped their target price on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$15.50 in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$15.81.

Choice Properties Real Est Invstmnt Trst Stock Up 0.2 %

The company has a market capitalization of C$4.26 billion, a price-to-earnings ratio of 14.61 and a beta of 0.67. The stock’s fifty day simple moving average is C$13.58 and its two-hundred day simple moving average is C$14.02. The company has a debt-to-equity ratio of 249.71, a current ratio of 0.70 and a quick ratio of 0.13.

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.