SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Cut to C$23.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price decreased by equities research analysts at National Bankshares from C$26.00 to C$23.50 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 4.35% from the company’s current price.

A number of other research analysts have also recently weighed in on the company. BMO Capital Markets lifted their price objective on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Royal Bank of Canada lowered their price target on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Finally, Scotiabank dropped their price target on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$26.64.

SmartCentres Real Estate Investment Trst Stock Performance

TSE SRU.UN traded down C$0.16 on Wednesday, hitting C$22.52. 82,798 shares of the company traded hands, compared to its average volume of 280,469. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76. The business’s 50 day moving average price is C$23.14 and its 200-day moving average price is C$23.57. The company has a market capitalization of C$3.26 billion, a price-to-earnings ratio of 9.28 and a beta of 1.24. SmartCentres Real Estate Investment Trst has a 52-week low of C$20.67 and a 52-week high of C$26.66.

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.