Royal Bank of Canada Issues Positive Forecast for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target upped by Royal Bank of Canada from C$27.00 to C$28.00 in a research note published on Thursday,BayStreet.CA reports.

SRU.UN has been the subject of several other research reports. BMO Capital Markets boosted their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a report on Monday, November 18th. CIBC boosted their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$26.00 to C$28.00 in a report on Monday, November 18th. Finally, National Bankshares boosted their price objective on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$27.08.

SmartCentres Real Estate Investment Trst Price Performance

Shares of SRU.UN opened at C$25.21 on Thursday. SmartCentres Real Estate Investment Trst has a 52-week low of C$21.50 and a 52-week high of C$27.50. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The business’s 50 day moving average price is C$25.81 and its two-hundred day moving average price is C$24.31. The firm has a market cap of C$3.65 billion, a PE ratio of 15.37 and a beta of 1.25.

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.