SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$27.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective upped by BMO Capital Markets from C$25.50 to C$27.00 in a report published on Monday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on SRU.UN. TD Securities raised SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and increased their price target for the company from C$26.00 to C$28.00 in a research note on Monday. National Bankshares increased their price target on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Finally, CIBC increased their price target on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. Three 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, SmartCentres Real Estate Investment Trst has a consensus rating of “Hold” and a consensus target price of C$26.92.

SmartCentres Real Estate Investment Trst Stock Performance

TSE:SRU.UN opened at C$25.25 on Monday. 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 has a fifty-two week low of C$21.50 and a fifty-two week high of C$27.50. The company has a market cap of C$3.65 billion, a price-to-earnings ratio of 15.40 and a beta of 1.25. The stock has a fifty day moving average price of C$25.86 and a 200-day moving average price of C$24.27.

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.