BMO Capital Keeps Their Hold Rating on Choice Properties REIT (CHP.UN)


Yesterday, an analyst has provided a rating update for Choice Properties REIT (CHP.UN). Analyst Jenny Ma from BMO Capital reiterated a Hold rating, with a C$13 price target.

According to TipRanks.com, Ma is ranked #703 out of 5146 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Choice Properties REIT with a C$13 average price target.

Based on Choice Properties REIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$62.62 million. In comparison, last year the company had a net profit of C$35.6 million.

Choice Properties Real Estate Investment Trust engages in owning, management, and development of retail and commercial real estate. Its portfolio includes supermarket-and-drug store-anchored shopping centers; and stand-alone supermarkets and drug stores. The company was founded on May 21, 2013 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$13.25, equals to its 52-week high of C$13.25.