SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$26.64.

Several analysts have recently issued reports on the company. Scotiabank decreased their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 21st. BMO Capital Markets increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. National Bankshares reduced their target price on shares of SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada decreased their target price on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st.

SmartCentres Real Estate Investment Trst Price Performance

Shares of SmartCentres Real Estate Investment Trst stock opened at C$22.44 on Friday. The firm has a market cap of C$3.25 billion, a PE ratio of 9.23 and a beta of 1.24. The stock has a 50 day moving average of C$23.02 and a 200 day moving average of C$23.55. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76. SmartCentres Real Estate Investment Trst has a 12 month low of C$20.67 and a 12 month high of C$26.42.

About SmartCentres Real Estate Investment Trst

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.