SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Receives Consensus Rating of “Hold” from Brokerages

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$25.86.

Separately, TD Securities increased their price objective on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th.

SmartCentres Real Estate Investment Trst Stock Performance

TSE SRU.UN opened at C$26.71 on Friday. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The stock’s 50 day simple moving average is C$25.20 and its 200-day simple moving average is C$23.51. The company has a market cap of C$3.86 billion, a PE ratio of 16.29 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a 1-year low of C$20.67 and a 1-year high of C$27.50.

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.