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

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$26.64.

SRU.UN has been the topic of several analyst reports. BMO Capital Markets boosted their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. National Bankshares cut 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 research note on Wednesday, April 24th. Royal Bank of Canada cut their price target on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, Scotiabank dropped their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 21st.

SmartCentres Real Estate Investment Trst Stock Performance

TSE SRU.UN opened at C$22.28 on Friday. The company has a market cap of C$3.22 billion, a P/E ratio of 9.21 and a beta of 1.24. The company has a debt-to-equity ratio of 78.76, a quick ratio of 0.10 and a current ratio of 0.20. The business’s 50 day moving average price is C$22.99 and its 200-day moving average price is C$23.55. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$20.67 and a fifty-two week high of C$26.30.

About SmartCentres Real Estate Investment Trst

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.