SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Receives Consensus Rating of “Hold” from Analysts

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Three 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 objective among brokers that have issued ratings on the stock in the last year is C$25.96.

SRU.UN has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “na” rating and set a C$23.50 target price on shares of SmartCentres Real Estate Investment Trst in a research report on Wednesday, February 17th. National Bank Financial lifted their target price on SmartCentres Real Estate Investment Trst to C$27.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 17th. TD Securities lifted their target price on SmartCentres Real Estate Investment Trst to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, February 17th. Finally, Canaccord Genuity raised SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and raised their price target for the stock from C$26.00 to C$28.25 in a report on Friday, February 12th.

Shares of SRU.UN traded down C$0.14 during midday trading on Friday, reaching C$27.77. 737,092 shares of the stock were exchanged, compared to its average volume of 563,367. The business’s 50-day moving average price is C$26.61 and its 200 day moving average price is C$23.83. The company has a debt-to-equity ratio of 101.26, a current ratio of 0.81 and a quick ratio of 0.77. SmartCentres Real Estate Investment Trst has a twelve month low of C$17.73 and a twelve month high of C$28.00. The company has a market capitalization of C$4.72 billion and a price-to-earnings ratio of 53.30.

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.

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Analyst Recommendations for SmartCentres Real Estate Investment Trst (TSE:SRU.UN)

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