Raymond James reissued their market perform rating on shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) in a report issued on Monday, BayStreet.CA reports. Raymond James currently has a C$33.00 price target on the stock.
A number of other equities research analysts also recently weighed in on the stock. TD Securities reduced their price target on shares of SmartCentres Real Estate Investment Trst from C$35.00 to C$34.00 and set a hold rating on the stock in a research note on Thursday, May 9th. Desjardins downgraded shares of SmartCentres Real Estate Investment Trst from a buy rating to a hold rating in a research note on Monday, May 13th. Finally, National Bank Financial raised their price target on shares of SmartCentres Real Estate Investment Trst from C$33.00 to C$35.00 and gave the company a sector perform rating in a research note on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$34.29.
SRU.UN opened at C$31.87 on Monday. The company’s 50 day moving average is C$32.95 and its 200-day moving average is C$33.68. SmartCentres Real Estate Investment Trst has a 1-year low of C$29.19 and a 1-year high of C$35.23. The company has a current ratio of 0.59, a quick ratio of 0.47 and a debt-to-equity ratio of 76.34. The company has a market cap of $4.24 billion and a P/E ratio of 14.27.
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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