SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Given New C$27.50 Price Target at Scotiabank

Key Points

• Scotiabank has increased its price target for SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50, indicating a potential upside of 5.73% from its previous close.
• National Bankshares similarly raised its target price for the trust from C$25.00 to C$25.25, maintaining a "sector perform" rating.
• SmartCentres is one of Canada's largest real estate investment trusts, managing approximately $9.5 billion in assets across 34 million square feet of retail space, primarily in Walmart-anchored centres.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) had its price target hoisted by analysts at Scotiabank from C$26.75 to C$27.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's target price would indicate a potential upside of 2.88% from the company's previous close.

Separately, National Bankshares raised their target price on shares of SmartCentres Real Estate Investment Trst from C$25.00 to C$25.25 and gave the stock a "sector perform" rating in a research note on Monday, August 11th.

SmartCentres Real Estate Investment Trst Stock Up 0.4%

SRU.UN stock traded up C$0.11 during trading on Tuesday, hitting C$26.73. 485,768 shares of the stock traded hands, compared to its average volume of 307,622. SmartCentres Real Estate Investment Trst has a 1 year low of C$23.18 and a 1 year high of C$27.50. The firm's 50 day moving average is C$25.70 and its two-hundred day moving average is C$25.42. The stock has a market cap of C$3.87 billion, a price-to-earnings ratio of 16.30 and a beta of 1.25. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10.

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.