SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Reaches New 1-Year High – Time to Buy?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$27.37 and last traded at C$27.34, with a volume of 70365 shares trading hands. The stock had previously closed at C$26.99.

Analysts Set New Price Targets

Separately, National Bankshares lifted their target price on SmartCentres Real Estate Investment Trst from C$25.25 to C$27.10 and gave the company a “sector perform” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$27.87.

SmartCentres Real Estate Investment Trst Stock Up 0.7%

The company has a market cap of C$4.63 billion, a price-to-earnings ratio of 17.72 and a beta of 0.84. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The stock’s fifty day moving average is C$25.97 and its two-hundred day moving average is C$26.21.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it’s wholly-owned residential sub-brand, SmartLiving.