SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$29.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target increased by Royal Bank Of Canada from C$28.00 to C$29.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Scotiabank lifted their price objective on SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50 and gave the company a “sector perform” rating in a research note on Tuesday, August 12th. National Bankshares lifted their price objective on SmartCentres Real Estate Investment Trst from C$25.00 to C$25.25 and gave the company a “sector perform” rating in a research note on Monday, August 11th.

SmartCentres Real Estate Investment Trst Stock Up 0.4%

Shares of TSE SRU.UN opened at C$26.73 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The stock has a market capitalization of C$3.87 billion, a PE ratio of 16.30 and a beta of 1.25. The stock’s fifty day simple moving average is C$25.70 and its two-hundred day simple moving average is C$25.42. SmartCentres Real Estate Investment Trst has a 12-month low of C$23.18 and a 12-month high of C$27.50.

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.