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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) has received an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$26.00.

A number of research firms recently issued reports on SRU.UN. Royal Bank of Canada decreased their price objective on 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. BMO Capital Markets decreased their price objective on SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a research note on Friday, May 17th. Scotiabank decreased their price objective on SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th. CIBC decreased their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a research note on Friday, May 10th. Finally, National Bankshares decreased their price objective 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 note on Wednesday, April 24th.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of SRU.UN opened at C$22.92 on Thursday. The company has a debt-to-equity ratio of 78.76, a current ratio of 0.20 and a quick ratio of 0.10. SmartCentres Real Estate Investment Trst has a 1 year low of C$20.67 and a 1 year high of C$25.82. The firm has a market cap of C$3.31 billion, a PE ratio of 9.43 and a beta of 1.24. The stock’s fifty day moving average price is C$22.74 and its two-hundred day moving average price is C$23.60.

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.