SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Free Report) had its price objective decreased by National Bankshares from C$26.00 to C$23.50 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.
Several other analysts have also commented on the stock. Royal Bank of Canada reduced their price target on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an outperform rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets lifted their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a market perform rating in a research report on Wednesday, February 28th. Finally, Scotiabank decreased their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a sector perform rating on the stock in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, SmartCentres Real Estate Investment Trst presently has an average rating of Hold and an average target price of C$26.64.
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SmartCentres Real Estate Investment Trst Trading Down 0.9 %
Shares of SRU.UN traded down C$0.21 during mid-day trading on Wednesday, reaching C$22.47. The stock had a trading volume of 180,312 shares, compared to its average volume of 281,762. The company has a debt-to-equity ratio of 78.76, a current ratio of 0.20 and a quick ratio of 0.10. The business's fifty day moving average is C$23.12 and its 200 day moving average is C$23.57. SmartCentres Real Estate Investment Trst has a 52-week low of C$20.67 and a 52-week high of C$26.66. The firm has a market cap of C$3.25 billion, a price-to-earnings ratio of 9.26 and a beta of 1.24.
SmartCentres Real Estate Investment Trst Company Profile
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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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