SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$26.75 at Scotiabank

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective lifted by Scotiabank from C$26.00 to C$26.75 in a research note issued to investors on Monday,BayStreet.CA reports.

Separately, National Bankshares increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$25.00 in a research note on Monday.

SmartCentres Real Estate Investment Trst Stock Up 0.6%

TSE SRU.UN opened at C$25.67 on Monday. SmartCentres Real Estate Investment Trst has a twelve month low of C$21.50 and a twelve month high of C$27.50. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The stock has a market cap of C$3.71 billion, a PE ratio of 15.65 and a beta of 1.25. The firm has a 50-day simple moving average of C$25.13 and a 200 day simple moving average of C$25.07.

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.