SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) released its quarterly earnings data on Thursday. The company reported C($0.83) EPS for the quarter, reports. SmartCentres Real Estate Investment Trst had a return on equity of 5.35% and a net margin of 29.07%.The company had revenue of C$225.96 million during the quarter.
SmartCentres Real Estate Investment Trst Trading Down 0.1%
Shares of SmartCentres Real Estate Investment Trst stock traded down C$0.03 during trading on Friday, reaching C$28.77. 525,893 shares of the stock were exchanged, compared to its average volume of 334,948. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The stock’s fifty day moving average is C$29.89 and its 200 day moving average is C$28.42. The firm has a market cap of C$4.91 billion, a price-to-earnings ratio of 13.44 and a beta of 0.86. SmartCentres Real Estate Investment Trst has a 1 year low of C$25.01 and a 1 year high of C$30.90.
Wall Street Analyst Weigh In
Several research firms recently issued reports on SRU.UN. Royal Bank Of Canada raised their price target on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Scotia increased their price objective on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, National Bank Financial raised their target price on shares of SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$28.75.
SmartCentres Real Estate Investment Trst Company Profile
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.
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