SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Upgraded by TD Securities to “Buy” Rating

TD Securities upgraded shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) from a hold rating to a buy rating in a research note published on Monday morning,BayStreet.CA reports. TD Securities currently has C$28.00 price objective on the stock, up from their previous price objective of C$26.00.

Other equities research analysts also recently issued reports about the company. National Bankshares boosted their price target on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research note on Wednesday, October 9th. CIBC boosted their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets boosted their price objective on SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, SmartCentres Real Estate Investment Trst presently has an average rating of “Hold” and a consensus target price of C$27.08.

SmartCentres Real Estate Investment Trst Price Performance

SRU.UN opened at C$25.18 on Monday. SmartCentres Real Estate Investment Trst has a 1 year low of C$21.50 and a 1 year high of C$27.50. The stock has a 50-day moving average price of C$25.86 and a 200-day moving average price of C$24.27. 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 firm has a market cap of C$3.64 billion, a PE ratio of 15.41 and a beta of 1.25.

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.