SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Posts Quarterly Earnings Results

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) announced its quarterly earnings results on Thursday. The company reported C($0.83) EPS for the quarter, reports. The firm had revenue of C$225.96 million during the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%.

SmartCentres Real Estate Investment Trst Price Performance

SRU.UN traded down C$0.33 on Thursday, reaching C$28.80. The company had a trading volume of 587,161 shares, compared to its average volume of 333,675. The company has a fifty day moving average of C$29.90 and a 200-day moving average of C$28.41. The company has a market capitalization of C$4.91 billion, a P/E ratio of 13.45 and a beta of 0.86. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. SmartCentres Real Estate Investment Trst has a one year low of C$25.01 and a one year high of C$30.90.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SRU.UN shares. Royal Bank Of Canada boosted their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. National Bank Financial raised their target price on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Scotia lifted their target price on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$28.75.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.