National Bankshares Lowers SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$23.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective decreased by National Bankshares from C$26.00 to C$23.50 in a research note released on Wednesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other analysts also recently issued reports on the company. BMO Capital Markets raised their price target on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a market perform rating in a report on Wednesday, February 28th. Scotiabank cut their price target 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 report on Wednesday, February 21st. Finally, 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 report on Wednesday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of C$26.64.

SmartCentres Real Estate Investment Trst Trading Up 0.2 %

Shares of TSE SRU.UN opened at C$22.44 on Wednesday. The company has a market cap of C$3.25 billion, a price-to-earnings ratio of 9.23 and a beta of 1.24. SmartCentres Real Estate Investment Trst has a 12-month low of C$20.67 and a 12-month high of C$26.42. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76. The stock’s 50 day simple moving average is C$23.02 and its 200 day simple moving average is C$23.55.

SmartCentres Real Estate Investment Trst Company Profile

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.