Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Upgraded to “Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) from a hold rating to a buy rating in a research report sent to investors on Friday morning, BayStreet.CA reports. The firm currently has C$14.50 price target on the real estate investment trust’s stock.

CHP.UN has been the topic of a number of other reports. TD Securities dropped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$15.00 in a research note on Wednesday. Desjardins upped their price target on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$15.50 and gave the stock a buy rating in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Choice Properties Real Est Invstmnt Trst presently has an average rating of Moderate Buy and an average price target of C$14.81.

Choice Properties Real Est Invstmnt Trst Price Performance

CHP.UN opened at C$13.09 on Friday. The stock has a fifty day moving average of C$13.46 and a 200-day moving average of C$13.44. The firm has a market capitalization of C$4.29 billion, a P/E ratio of 12.01 and a beta of 0.64. Choice Properties Real Est Invstmnt Trst has a 12-month low of C$11.79 and a 12-month high of C$14.78. The company has a quick ratio of 0.13, a current ratio of 0.43 and a debt-to-equity ratio of 279.73.

Choice Properties Real Est Invstmnt Trst Company Profile

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.