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

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 - Free Report) had its price objective lifted by Royal Bank Of Canada from C$28.00 to C$29.00 in a research report report published on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on SRU.UN. National Bankshares raised their price objective 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 report on Monday, August 11th. Scotiabank increased their target price on shares of SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50 and gave the stock a "sector perform" rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst currently has an average rating of "Moderate Buy" and a consensus price target of C$27.63.

SmartCentres Real Estate Investment Trst Trading Up 1.5%

SmartCentres Real Estate Investment Trst stock traded up C$0.41 during midday trading on Thursday, hitting C$26.96. 399,541 shares of the stock were exchanged, compared to its average volume of 307,928. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$23.18 and a fifty-two week high of C$27.50. The stock has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 16.44 and a beta of 1.25. The stock's 50-day simple moving average is C$25.73 and its 200 day simple moving average is C$25.45. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88.

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.