SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Expected to Rise, Scotiabank Analyst Says

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target lifted by Scotiabank from C$26.75 to C$27.50 in a report published on Tuesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Separately, National Bankshares raised their target price on SmartCentres Real Estate Investment Trst from C$25.00 to C$25.25 and gave the company a “sector perform” rating in a report on Monday.

SmartCentres Real Estate Investment Trst Price Performance

TSE SRU.UN opened at C$25.97 on Tuesday. The stock has a 50-day simple moving average of C$25.65 and a 200 day simple moving average of C$25.38. SmartCentres Real Estate Investment Trst has a twelve month low of C$23.18 and a twelve month high of C$27.50. The stock has a market capitalization of C$3.76 billion, a PE ratio of 15.84 and a beta of 1.25. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

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.