Smart REIT (SRU.UN) Stock Rating Upgraded by Desjardins
Smart REIT (TSE:SRU.UN) was upgraded by equities research analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued on Monday.
Other equities research analysts have also issued reports about the company. BMO Capital Markets raised their price objective on Smart REIT from C$33.25 to C$35.75 in a research report on Monday, August 8th. CIBC decreased their price objective on Smart REIT from C$39.00 to C$36.50 in a research report on Friday, November 4th. TD Securities lifted their price target on Smart REIT from C$34.00 to C$35.00 and gave the company a “hold” rating in a report on Monday, August 8th. Canaccord Genuity reduced their price target on Smart REIT from C$36.00 to C$35.00 and set a “hold” rating for the company in a report on Friday, November 4th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$37.50 price target on shares of Smart REIT in a report on Thursday, November 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$36.28.
About Smart REIT
Smart Real Estate Investment Trust, formerly known as Calloway Real Estate Investment Trust, open-ended mutual fund trust. The Trust develops, leases, constructs, owns and manages shopping centers in Canada, both directly and through its subsidiaries, Smart Limited Partnership, Smart Limited Partnership II and Smart Limited Partnership III.
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