SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$26.00 at TD Securities

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price hoisted by TD Securities from C$24.00 to C$26.00 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Scotiabank cut their price target on shares of SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a sector perform rating on the stock in a report on Thursday, May 16th. Royal Bank of Canada cut their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an outperform rating on the stock in a report on Wednesday, May 15th. CIBC cut their price target on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a report on Friday, May 10th. Finally, BMO Capital Markets cut their price target on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a report on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of C$25.86.

SmartCentres Real Estate Investment Trst Price Performance

SRU.UN opened at C$26.11 on Wednesday. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The company has a market capitalization of C$3.78 billion, a price-to-earnings ratio of 16.32 and a beta of 1.25. The firm’s fifty day moving average price is C$23.95 and its two-hundred day moving average price is C$23.17. SmartCentres Real Estate Investment Trst has a 1 year low of C$20.67 and a 1 year high of C$26.23.

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.