National Bank Financial Increases Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$16.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target hoisted by research analysts at National Bank Financial from C$16.00 to C$16.50 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s target price suggests a potential upside of 6.73% from the company’s current price.

Several other analysts have also weighed in on the company. Scotiabank raised their price objective on Choice Properties Real Est Invstmnt Trst from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Friday, February 20th. Royal Bank Of Canada boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 24th. Finally, Raymond James Financial boosted their target price on shares of Choice Properties Real Est Invstmnt Trst from C$16.25 to C$16.50 and gave the stock a “market perform” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$16.50.

Choice Properties Real Est Invstmnt Trst Price Performance

Shares of CHP.UN traded down C$0.33 during trading hours on Monday, hitting C$15.46. 602,443 shares of the company were exchanged, compared to its average volume of 405,705. The firm’s fifty day moving average is C$15.67 and its 200 day moving average is C$15.22. The company has a market cap of C$11.19 billion, a price-to-earnings ratio of -181.88 and a beta of 0.70. The company has a quick ratio of 0.13, a current ratio of 0.70 and a debt-to-equity ratio of 249.71. Choice Properties Real Est Invstmnt Trst has a fifty-two week low of C$14.09 and a fifty-two week high of C$16.51.

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) last released its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported C($0.07) earnings per share for the quarter. The business had revenue of C$355.66 million during the quarter. Choice Properties Real Est Invstmnt Trst had a net margin of 44.96% and a return on equity of 13.73%.

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.