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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective trimmed by National Bankshares from C$26.00 to C$23.50 in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

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

SmartCentres Real Estate Investment Trst Stock Performance

Shares of SRU.UN opened at C$22.47 on Wednesday. SmartCentres Real Estate Investment Trst has a 12-month low of C$20.67 and a 12-month high of C$26.66. 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 company has a market cap of C$3.25 billion, a PE ratio of 9.26 and a beta of 1.24. The stock has a 50-day moving average price of C$23.12 and a 200-day moving average price of C$23.57.

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.