Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) Stock Price Crosses Below 200-Day Moving Average of $13.42

Posted by Xavier Holt on Apr 18th, 2024

Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.42 and traded as low as C$12.92. Choice Properties Real Est Invstmnt Trst shares last traded at C$12.96, with a volume of 456,165 shares traded.

Wall Street Analysts Forecast Growth

CHP.UN has been the subject of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of Choice Properties Real Est Invstmnt Trst from C$13.50 to C$14.50 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Desjardins boosted their price objective 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 report on Friday, February 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Choice Properties Real Est Invstmnt Trst presently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.00.

View Our Latest Stock Analysis on Choice Properties Real Est Invstmnt Trst

Choice Properties Real Est Invstmnt Trst Stock Performance

The firm has a market capitalization of C$4.26 billion, a PE ratio of 11.91 and a beta of 0.64. The company has a current ratio of 0.43, a quick ratio of 0.13 and a debt-to-equity ratio of 279.73. The business’s 50 day simple moving average is C$13.52 and its two-hundred day simple moving average is C$13.42.

About Choice Properties Real Est Invstmnt Trst

(Get Free Report)

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.