SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Receives Consensus Recommendation of “Hold” from Analysts
Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have earned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$34.50.
Several equities research analysts have recently issued reports on SRU.UN shares. Raymond James restated a “market perform” rating and issued a C$33.00 target price on shares of SmartCentres Real Estate Investment Trst in a report on Monday, August 12th. National Bank Financial dropped their target price on SmartCentres Real Estate Investment Trst from C$35.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Finally, TD Securities boosted their target price on SmartCentres Real Estate Investment Trst from C$34.00 to C$35.00 and gave the company a “hold” rating in a research report on Friday, September 6th.
Shares of SRU.UN stock traded up C$0.14 during trading hours on Friday, hitting C$32.15. The stock had a trading volume of 314,772 shares, compared to its average volume of 241,912. The stock has a market capitalization of $4.28 billion and a price-to-earnings ratio of 14.72. SmartCentres Real Estate Investment Trst has a one year low of C$29.19 and a one year high of C$35.23. The stock’s 50-day moving average price is C$32.11 and its two-hundred day moving average price is C$33.43. The company has a debt-to-equity ratio of 76.19, a current ratio of 0.40 and a quick ratio of 0.25.
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.
Read More: Return On Assets
Receive News & Ratings for SmartCentres Real Estate Investment Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmartCentres Real Estate Investment Trst and related companies with MarketBeat.com's FREE daily email newsletter.