SmartCentres Real Estate Investment Trst (TSE:SRU.UN) PT Lowered to C$23.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target reduced by stock analysts at National Bankshares from C$26.00 to C$23.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 4.91% from the stock’s previous close.

Several other equities research analysts have also issued reports on SRU.UN. BMO Capital Markets lifted their price target 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 note on Wednesday, February 28th. Scotiabank lowered their price target on shares of 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 note on Wednesday, February 21st. Finally, Royal Bank of Canada lowered their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst has a consensus rating of “Hold” and an average price target of C$26.64.

SmartCentres Real Estate Investment Trst Trading Down 0.3 %

Shares of TSE:SRU.UN opened at C$22.40 on Wednesday. SmartCentres Real Estate Investment Trst has a 12 month low of C$20.67 and a 12 month high of C$26.66. The company has a quick ratio of 0.10, a current ratio of 0.20 and a debt-to-equity ratio of 78.76. The company’s fifty day simple moving average is C$23.09 and its 200 day simple moving average is C$23.56. The firm has a market cap of C$3.24 billion, a price-to-earnings ratio of 9.22 and a beta of 1.24.

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.