SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Given Average Recommendation of “Hold” by Brokerages

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$26.00.

A number of research analysts have issued reports on the stock. Royal Bank of Canada cut their price target 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 research note on Wednesday, May 15th. National Bankshares cut their target price on SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Scotiabank lowered their price target 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 research report on Thursday, May 16th. 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. Finally, BMO Capital Markets decreased their target price on SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a report on Friday, May 17th.

SmartCentres Real Estate Investment Trst Stock Performance

SRU.UN opened at C$21.99 on Monday. The firm’s 50-day moving average price is C$22.56 and its 200-day moving average price is C$23.53. The company has a market cap of C$3.18 billion, a P/E ratio of 12.28 and a beta of 1.24. The company has a quick ratio of 0.10, a current ratio of 0.15 and a debt-to-equity ratio of 80.75. SmartCentres Real Estate Investment Trst has a 52-week low of C$20.67 and a 52-week high of C$25.80.

About SmartCentres Real Estate Investment Trst

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.