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


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Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$25.96.

Several research analysts recently issued reports on SRU.UN shares. National Bank Financial upped their target price on SmartCentres Real Estate Investment Trst to C$27.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 17th. TD Securities upped their target price on SmartCentres Real Estate Investment Trst to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, February 17th. Canaccord Genuity raised SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and upped their target price for the company from C$26.00 to C$28.25 in a research report on Friday, February 12th. Finally, BMO Capital Markets reaffirmed a “na” rating and set a C$23.50 target price on shares of SmartCentres Real Estate Investment Trst in a research report on Wednesday, February 17th.

Shares of SRU.UN traded down C$0.14 during trading hours on Friday, hitting C$27.77. The company had a trading volume of 737,092 shares, compared to its average volume of 563,367. The company has a market capitalization of C$4.72 billion and a PE ratio of 53.30. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 101.26. SmartCentres Real Estate Investment Trst has a one year low of C$17.73 and a one year high of C$28.00. The company’s fifty day moving average price is C$26.61 and its two-hundred day moving average price is C$23.83.

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.

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Analyst Recommendations for SmartCentres Real Estate Investment Trst (TSE:SRU.UN)

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