SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Sets New 52-Week High – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$29.36 and last traded at C$29.36, with a volume of 10174 shares changing hands. The stock had previously closed at C$29.05.

Wall Street Analysts Forecast Growth

SRU.UN has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. National Bank Financial lifted their price target on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Scotia lifted their price target on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst has a consensus rating of “Hold” and an average target price of C$28.75.

Check Out Our Latest Stock Analysis on SmartCentres Real Estate Investment Trst

SmartCentres Real Estate Investment Trst Stock Performance

The firm has a fifty day moving average of C$28.24 and a 200-day moving average of C$27.18. The firm has a market cap of C$5.04 billion, a P/E ratio of 13.79 and a beta of 0.86. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

About SmartCentres Real Estate Investment Trst

(Get Free Report)

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it’s wholly-owned residential sub-brand, SmartLiving.

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