SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Receives C$26.64 Average PT from Analysts

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$26.64.

A number of equities research analysts have weighed in on SRU.UN shares. BMO Capital Markets upped their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Scotiabank cut their target price on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st. Royal Bank of Canada cut their target price on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Finally, National Bankshares dropped their price target on SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating on the stock in a report on Wednesday, April 24th.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of TSE SRU.UN opened at C$22.75 on Friday. The company has a market cap of C$3.29 billion, a PE ratio of 9.36 and a beta of 1.24. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76. SmartCentres Real Estate Investment Trst has a 12-month low of C$20.67 and a 12-month high of C$26.22. The stock has a 50 day simple moving average of C$22.86 and a 200-day simple moving average of C$23.53.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.5 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants.