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Choice Properties REIT (CHP.UN-T)
TSE:CHP.UN
13.65
0.03
(0.22%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Choice Properties REIT (CHP.UN-T) receives strong endorsements from multiple experts, particularly due to its stable tenant base, which includes prominent players like Loblaws and Shoppers Drug Mart. The company provides a solid cash flow, making it a prime candidate for long-term investors, especially as it diversifies into industrial properties that are expected to grow. Analysts highlight its defensive nature and attractive yield range of 5-5.5%, positioning it well amidst a recovering REIT market, despite some concerns over low rent increases negotiated by Loblaw. While the stock may not see explosive growth and has faced some downward pressure due to interest rate changes, experts agree on its conservative management and stability, making it suitable for conservative investors. The consensus price target remains favorable, showcasing a potential upside as the market reassesses its position.
$13.650
Owned
Very defensive, trades at nice discount. Loblaw is a safe and secure tenant. Growing part of portfolio is industrial warehousing, a sector he's bullish on. Safe distribution. Very comfortable owing for next 12-18 months, as a broader REIT recovery should be near.
It broke out in mid July, but declined starting in September due to interest rates. He expects interest rates to actually rise in 2025 in the US.
Rent increases are fairly low, which Loblaw negotiated to help keep prices low. On the flipside, you get the stability of having Loblaw as the major tenant. Residential development opportunities on those sites, but that takes a while. Not exciting, but collect the dividend and sleep at night. Conservatively managed, very stable. Yield is ~5-5.5%.
He sees better opportunities in smaller-cap names.
Holds quality Loblaw assets and industrial ones mostly located in cities. Same-store net income growth isn't super, but good. It won't shoot the lights out, but you can buy it comfortably for your grandmother.
REIT companies getting better with lower interest rates. Would recommend buying.
Excellent chart that is setting up well in this economic cycle. Relative strength is improving versus the TSX Composite. Showing signs of institutional accumulation. Positives that indicate the technical profiles of the stock are strengthening, and are supportive of further upside.
The CHP.UN portfolio of this REIT is highly tied to the success of Loblaws as it tenants. It trades at 14x earnings, under book value and supports a ROE of 29%. It has a good dividend, backed by payout ratio under 50% of cash flow. We recommend placing a stop at $11.50 -- looking to achieve $16 -- upside potential of 20%. Yield 5.6%
(Analysts’ price target is $15.56)Stable income provider you can add to any portfolio. Likes it. Great real estate nationally. Biggest tenant is Loblaw, so it has a secure cashflow. An element of growth, which is unique, from the industrial sector. Nice combination of safety and growth. Hold, sleep well at night with the distribution yield.
Choice Properties REIT(CHP.UN-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 7
Choice Properties REIT(CHP.UN-T) Frequently Asked Questions
What is Choice Properties REIT stock symbol?
Choice Properties REIT is a Canadian stock, trading under the symbol CHP.UN-T on the Toronto Stock Exchange (CHP.UN-CT). It is usually referred to as TSX:CHP.UN or CHP.UN-T
Is Choice Properties REIT a buy or a sell?
In the last year, 7 stock analysts published opinions about CHP.UN-T. 6 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Choice Properties REIT.
Is Choice Properties REIT a good investment or a top pick?
Choice Properties REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Choice Properties REIT.
Why is Choice Properties REIT stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Choice Properties REIT worth watching?
7 stock analysts on Stockchase covered Choice Properties REIT In the last year. It is a trending stock that is worth watching.
What is Choice Properties REIT stock price?
On 2025-02-20, Choice Properties REIT (CHP.UN-T) stock closed at a price of $13.65.
Core holding in portfolio. Tenants include Loblaws and Shoppers Drug market which is very good for stable cash flow. Excellent pick for long term investors (10 years or more). Expecting further development in industrial properties. Lots of room for the company to experience growth.