Summit Industrial Income REIT Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Industrial Income REIT in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Summit Industrial Income REIT stock.
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Summit Industrial Income REIT's stock was trading at C$11.62 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SMU.UN stock has increased by 28.2% and is now trading at C$14.90.
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Summit Industrial Income REIT declared a monthly dividend on Thursday, February 25th. Investors of record on Monday, March 15th will be paid a dividend of 0.045 per share on Monday, March 15th. This represents a $0.54 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Thursday, February 25th.
View Summit Industrial Income REIT's dividend history.

Summit Industrial Income REIT pays an annual dividend of C$0.54 per share and currently has a dividend yield of 3.64%. The dividend payout ratio of Summit Industrial Income REIT is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%.
View Summit Industrial Income REIT's dividend history.

4 brokerages have issued 1-year price targets for Summit Industrial Income REIT's shares. Their forecasts range from C$13.50 to C$16.00. On average, they expect Summit Industrial Income REIT's share price to reach C$15.13 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
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Some companies that are related to Summit Industrial Income REIT include Granite Real Estate Investment Trust (GRT.UN), Tritax Big Box REIT (BBOX), Dream Industrial Real Estate Invest Trst (DIR.UN), Big Yellow Group (BYG), Safestore (SAFE), WPT Industrial Real Estate Investment (WIR.U), UK Commercial Property REIT (UKCM), Warehouse REIT (WHR), Hansteen (HSTN), Big Yellow Group (BYLOF), BWP Trust (BWP), Centuria Industrial REIT (CIP), FIBRA Prologis (FBBPF) and National Storage REIT (NSR).
View all of SMU.UN's competitors.

Summit Industrial Income REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SMU.UN."

Shares of SMU.UN and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of SMU.UN stock can currently be purchased for approximately C$14.90.

Summit Industrial Income REIT has a market capitalization of C$2.50 billion and generates C$192.90 million in revenue each year.

The official website for Summit Industrial Income REIT is www.summitIIreit.com.

The company can be reached via phone at (905) 791-1181.