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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$26.64.

A number of research analysts have recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Scotiabank decreased their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st. National Bankshares decreased their price objective on shares of SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. Finally, BMO Capital Markets lifted their price objective on shares of 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.

SmartCentres Real Estate Investment Trst Stock Up 1.0 %

Shares of SRU.UN stock opened at C$22.75 on Friday. The firm’s fifty day moving average price is C$22.86 and its two-hundred day moving average price is C$23.53. SmartCentres Real Estate Investment Trst has a 1 year low of C$20.67 and a 1 year high of C$26.22. The firm has a market capitalization of C$3.29 billion, a P/E ratio of 9.36 and a beta of 1.24. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76.

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.