SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$29.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised the price target for SmartCentres Real Estate Investment Trust from C$28.00 to C$29.00, suggesting an upside potential of 8.98% from the previous close.
• Other analysts have also adjusted their targets, with Scotiabank increasing their price target to C$27.50 and National Bankshares raising theirs to C$25.25.
• SmartCentres operates one of Canada’s largest real estate investment trusts, managing approximately $9.5 billion in assets and 34 million square feet of retail space.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) had its price target hoisted by equities researchers at Royal Bank Of Canada from C$28.00 to C$29.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 8.98% from the company's previous close.

Several other analysts have also recently issued reports on the company. Scotiabank increased their target price on SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50 and gave the stock a "sector perform" rating in a research report on Tuesday. National Bankshares increased their price target on 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 Price Performance

Shares of TSE:SRU.UN traded up C$0.29 during trading on Thursday, hitting C$26.61. 326,388 shares of the company's stock were exchanged, compared to its average volume of 305,655. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. SmartCentres Real Estate Investment Trst has a 52-week low of C$23.18 and a 52-week high of C$27.50. The business's 50-day simple moving average is C$25.66 and its 200 day simple moving average is C$25.39. The company has a market cap of C$3.85 billion, a price-to-earnings ratio of 16.23 and a beta of 1.25.

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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