SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Expected to Rise, Scotiabank Analyst Says

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 upped by stock analysts at Scotiabank from C$26.75 to C$27.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price objective indicates a potential upside of 3.31% from the stock's previous close.

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

SmartCentres Real Estate Investment Trst Trading Up 1.1%

SmartCentres Real Estate Investment Trst stock traded up C$0.30 during trading on Tuesday, reaching C$26.62. The company had a trading volume of 440,175 shares, compared to its average volume of 306,480. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. SmartCentres Real Estate Investment Trst has a 12-month low of C$23.18 and a 12-month high of C$27.50. The stock's 50 day moving average price is C$25.68 and its two-hundred day moving average price is C$25.40. The firm has a market capitalization of C$3.85 billion, a price-to-earnings ratio of 16.23 and a beta of 1.25.

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.