BMO Capital Markets Cuts Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Price Target to C$13.50

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) had its price target reduced by BMO Capital Markets from C$15.00 to C$13.50 in a research note issued to investors on Thursday, March 15th. BMO Capital Markets’ price objective suggests a potential upside of 17.39% from the company’s current price.

A number of other equities analysts have also commented on CHP.UN. National Bank Financial cut their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$15.00 to C$13.00 and set a “sector perform” rating on the stock in a report on Thursday, February 15th. CIBC cut their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$14.50 to C$14.00 in a report on Thursday, February 15th.

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Shares of TSE:CHP.UN traded up C$0.30 during midday trading on Thursday, hitting C$11.50. 582,700 shares of the company’s stock traded hands, compared to its average volume of 161,936. Choice Properties Real Est Invstmnt Trst has a twelve month low of C$11.59 and a twelve month high of C$14.26.

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About Choice Properties Real Est Invstmnt Trst

Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises over 530 properties with a total gross leasable area (GLA) of approximately 44 million square feet.

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