SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Lowered to C$33.00 at Royal Bank of Canada

SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Rating) had its price target trimmed by Royal Bank of Canada from C$34.00 to C$33.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on SRU.UN. CIBC upped their price target on SmartCentres Real Estate Investment Trst from C$33.00 to C$34.00 and gave the company an outperform rating in a research report on Friday, February 10th. Scotiabank cut their price objective on SmartCentres Real Estate Investment Trst from C$31.50 to C$31.00 in a research report on Monday, February 13th.

SmartCentres Real Estate Investment Trst Trading Down 1.8 %

TSE SRU.UN opened at C$25.72 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.10 and a debt-to-equity ratio of 81.03. The firm has a market capitalization of C$3.72 billion, a P/E ratio of 8.49 and a beta of 1.18. SmartCentres Real Estate Investment Trst has a 12 month low of C$24.94 and a 12 month high of C$30.23. The business has a fifty day simple moving average of C$26.25 and a 200 day simple moving average of C$27.05.

About SmartCentres Real Estate Investment Trst

(Get Rating)

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.