SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$29.62 and traded as low as C$27.74. SmartCentres Real Estate Investment Trst shares last traded at C$27.91, with a volume of 263,804 shares.
Analyst Ratings Changes
SRU.UN has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Scotia upped their target price on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, National Bank Financial increased their price target on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$29.17.
Get Our Latest Stock Report on SmartCentres Real Estate Investment Trst
SmartCentres Real Estate Investment Trst Stock Up 0.1%
SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C($0.83) earnings per share (EPS) for the quarter. The business had revenue of C$225.96 million during the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. As a group, equities research analysts forecast that SmartCentres Real Estate Investment Trst will post 1.9333838 EPS for the current year.
About SmartCentres Real Estate Investment Trst
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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