SmartCentres Real Estate Investment Trst (TSE:SRU.UN) PT Lowered to C$23.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UNFree Report) had its price target trimmed by BMO Capital Markets from C$24.50 to C$23.50 in a research report report published on Friday, BayStreet.CA reports.

SRU.UN has been the subject of several other reports. National Bankshares lowered their price objective on shares of SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a sector perform rating for the company in a research note on Wednesday, April 24th. CIBC cut their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a report on Friday, May 10th. Scotiabank decreased their target price on SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a sector perform rating for the company in a report on Thursday. Finally, Royal Bank of Canada dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of C$26.00.

Read Our Latest Stock Report on SmartCentres Real Estate Investment Trst

SmartCentres Real Estate Investment Trst Stock Down 0.3 %

TSE SRU.UN traded down C$0.06 during trading on Friday, hitting C$22.91. The company’s stock had a trading volume of 324,143 shares, compared to its average volume of 268,864. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$20.67 and a fifty-two week high of C$25.89. The company has a debt-to-equity ratio of 78.76, a current ratio of 0.20 and a quick ratio of 0.10. The company has a market cap of C$3.31 billion, a PE ratio of 9.43 and a beta of 1.24. The business’s 50 day simple moving average is C$22.75 and its 200-day simple moving average is C$23.59.

About SmartCentres Real Estate Investment Trst

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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.

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