SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Rating) had its target price dropped by analysts at BMO Capital Markets from C$30.00 to C$29.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 3.57% from the stock’s current price.
SRU.UN has been the subject of several other reports. Scotiabank upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$32.50 to C$33.25 in a research note on Wednesday, August 17th. CIBC raised their target price on shares of SmartCentres Real Estate Investment Trst from C$32.75 to C$33.00 in a research report on Monday, August 15th. National Bankshares reduced their price target on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a research report on Monday, October 24th. Finally, TD Securities cut their price objective on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Thursday, October 20th.
SmartCentres Real Estate Investment Trst Price Performance
SRU.UN stock traded down C$0.58 during mid-day trading on Monday, hitting C$28.00. 148,355 shares of the stock were exchanged, compared to its average volume of 321,488. The company has a debt-to-equity ratio of 82.68, a current ratio of 0.26 and a quick ratio of 0.12. The stock has a market capitalization of C$4.77 billion and a price-to-earnings ratio of 4.41. The business has a fifty day moving average price of C$26.84 and a 200 day moving average price of C$28.00. SmartCentres Real Estate Investment Trst has a 12 month low of C$24.94 and a 12 month high of C$33.48.
SmartCentres Real Estate Investment Trst Company Profile
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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