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S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The Day of Financial Reckoning Is Near (Ad)
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The Day of Financial Reckoning Is Near (Ad)
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The Day of Financial Reckoning Is Near (Ad)
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
TSE:SMU.UN

Summit Industrial Income REIT - SMU.UN Stock Forecast, Price & News

C$19.01
-0.30 (-1.55%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
C$18.97
C$19.26
50-Day Range
C$16.17
C$19.55
52-Week Range
C$16.06
C$24.01
Volume
171,762 shs
Average Volume
547,628 shs
Market Capitalization
C$3.61 billion
P/E Ratio
4.82
Dividend Yield
3.01%
Price Target
C$23.43
SMU.UN stock logo

About Summit Industrial Income REIT (TSE:SMU.UN) Stock

Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial and other properties across Canada. Summit II's units are listed on the TSX and trade under the symbol SMU.UN.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Summit Industrial Income REIT to a "buy" rating and set a C$22.00 price objective for the company in a report on Thursday, May 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$23.38.

Summit Industrial Income REIT Price Performance

TSE:SMU.UN opened at C$19.01 on Friday. The firm has a market capitalization of C$3.61 billion and a price-to-earnings ratio of 4.82. Summit Industrial Income REIT has a 1 year low of C$16.06 and a 1 year high of C$24.01. The business has a 50 day simple moving average of C$17.67 and a 200-day simple moving average of C$19.79. The company has a debt-to-equity ratio of 38.37, a current ratio of 1.13 and a quick ratio of 0.91.

Summit Industrial Income REIT Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 15th were issued a $0.0484 dividend. The ex-dividend date was Wednesday, June 29th. This is an increase from Summit Industrial Income REIT's previous monthly dividend of $0.05. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.06%. Summit Industrial Income REIT's dividend payout ratio (DPR) is currently 14.39%.

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SMU.UN Stock News Headlines

3 Extremely Cheap TSX Stocks to Buy
Summit Industrial Income REIT Announces January 2021 Cash Distribution
Summit Industrial Income REIT Announces November 2020 Cash Distribution
Summit Industrial Income REIT (5G7.F)
See More Headlines
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SMU.UN Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/20/2022

Industry, Sector and Symbol

Industry
REIT - Industrial
Sub-Industry
N/A
Current Symbol
TSE:SMU.UN
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$23.43
High Stock Price Forecast
C$25.00
Low Stock Price Forecast
C$22.00
Forecasted Upside/Downside
+23.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$234.51 million
Cash Flow
C$0.60 per share
Book Value
C$19.46 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.61 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Paul Malcolm Dykeman C.A. (Age 58)
    CPA, CPA, CA, CEO, Pres & Trustee
  • Mr. Ross Drake CPA
    CA, Chief Financial Officer
  • Mr. Jonathan J. Robbins
    Sr. VP of Acquisitions
  • Ms. Kimberley G. Hill
    Sr. VP of Asset Management













SMU.UN Stock - Frequently Asked Questions

Should I buy or sell Summit Industrial Income REIT stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Industrial Income REIT in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SMU.UN shares.
View SMU.UN analyst ratings
or view top-rated stocks.

What is Summit Industrial Income REIT's stock price forecast for 2022?

6 equities research analysts have issued twelve-month price objectives for Summit Industrial Income REIT's shares. Their SMU.UN share price forecasts range from C$22.00 to C$25.00. On average, they expect the company's share price to reach C$23.43 in the next twelve months. This suggests a possible upside of 23.2% from the stock's current price.
View analysts price targets for SMU.UN
or view top-rated stocks among Wall Street analysts.

How have SMU.UN shares performed in 2022?

Summit Industrial Income REIT's stock was trading at C$23.50 at the beginning of the year. Since then, SMU.UN shares have decreased by 19.1% and is now trading at C$19.01.
View the best growth stocks for 2022 here
.

How often does Summit Industrial Income REIT pay dividends? What is the dividend yield for Summit Industrial Income REIT?

Summit Industrial Income REIT announced a monthly dividend on Wednesday, June 29th. Shareholders of record on Friday, July 15th will be paid a dividend of 0.0484 per share on Friday, July 15th. This represents a $0.58 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a boost from the stock's previous monthly dividend of C$0.05.
Read our dividend analysis for SMU.UN
.

Is Summit Industrial Income REIT a good dividend stock?

Summit Industrial Income REIT (TSE:SMU.UN) pays an annual dividend of C$0.57 per share and currently has a dividend yield of 3.01%. The dividend payout ratio is 14.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SMU.UN.

What is Summit Industrial Income REIT's stock symbol?

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

How do I buy shares of Summit Industrial Income REIT?

Shares of SMU.UN stock 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.
Compare Top Brokerages Here.

What is Summit Industrial Income REIT's stock price today?

One share of SMU.UN stock can currently be purchased for approximately C$19.01.

How much money does Summit Industrial Income REIT make?

Summit Industrial Income REIT (TSE:SMU.UN) has a market capitalization of C$3.61 billion and generates C$234.51 million in revenue each year.

How can I contact Summit Industrial Income REIT?

The official website for the company is www.summitIIreit.com. The company can be reached via phone at (905) 791-1181.

This page (TSE:SMU.UN) was last updated on 8/20/2022 by MarketBeat.com Staff

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