SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Reaches New 12-Month High – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$28.87 and last traded at C$28.86, with a volume of 93995 shares changing hands. The stock had previously closed at C$28.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SRU.UN shares. Royal Bank Of Canada lifted their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. National Bank Financial lifted 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 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 report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, SmartCentres Real Estate Investment Trst currently has an average rating of “Hold” and a consensus price target of C$28.75.

SmartCentres Real Estate Investment Trst Stock Up 1.0%

The stock has a market cap of C$4.92 billion, a price-to-earnings ratio of 13.49 and a beta of 0.81. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The stock has a fifty day moving average of C$27.67 and a two-hundred day moving average of C$26.94.

About SmartCentres Real Estate Investment Trst

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.