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)

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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

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

August 16, 2022 | americanbankingnews.com

Summit Industrial Income REIT (TSE:SMU.UN) Receives C$23.50 Average Price Target from Brokerages

March 31, 2022 | finance.yahoo.com

Summit Industrial Income REIT Continues to Expand Development Pipeline in Ontario

February 17, 2022 | ca.finance.yahoo.com

Summit Industrial Income REIT Reports Another Year of Record Performance in 2021

January 20, 2022 | ca.finance.yahoo.com

Summit Industrial Income REIT Acquires Two Brand New Industrial Properties in Guelph, Ontario

October 6, 2021 | ca.finance.yahoo.com

Summit Industrial Income REIT Announces Timing of Third Quarter 2021 Results and Conference Call

August 28, 2021 | msn.com

3 Extremely Cheap TSX Stocks to Buy

August 10, 2021 | markets.businessinsider.com

Summit Industrial Income REIT Reports Continued Strong Performance in Second Quarter 2021

May 11, 2021 | ca.finance.yahoo.com

Summit Industrial Income REIT Reports Continued Strong Performance in First Quarter 2021

April 7, 2021 | finance.yahoo.com

Summit Industrial Income REIT Announces $250 Million Green Bond Offering

March 29, 2021 | markets.businessinsider.com

Summit Industrial Income REIT Announces Timing of First Quarter 2021 Results and Conference Call

March 26, 2021 | finance.yahoo.com

Summit Industrial Income REIT Recognized by The Globe and Mail's 2021 Annual Women Lead Here Benchmark of Executive Gender Diversity

January 19, 2021 | markets.businessinsider.com

Summit Industrial Income REIT Announces Timing of Fourth Quarter & Year End 2020 Results and Conference Call

January 16, 2021 | markets.businessinsider.com

Summit Industrial Income REIT Announces January 2021 Cash Distribution

December 21, 2020 | markets.businessinsider.com

Summit Industrial Income REIT Announces Appointment of the Honourable A. Anne McLellan to Board of Trustees

November 17, 2020 | benzinga.com

Summit Industrial Income REIT Announces Completion of $195.5 Million Equity Offering

November 13, 2020 | markets.businessinsider.com

Summit Industrial Income REIT Announces November 2020 Cash Distribution

October 21, 2020 | msn.com

This Canadian City Is the World’s 3rd Highest At-Risk of a Housing Crash

October 11, 2020 | in.finance.yahoo.com

Summit Industrial Income REIT (5G7.F)

October 2, 2020 | markets.businessinsider.com

Summit Industrial Income REIT Announces Timing of Third Quarter 2020 Results and Conference Call

August 20, 2020 | finance.yahoo.com

Summit Industrial Income REIT– Announces C$150 Million Bought Deal Financing

July 15, 2020 | finance.yahoo.com

Summit Industrial Income REIT Announces July 2020 Cash Distribution

June 30, 2020 | www.benzinga.com

Summit Industrial Income REIT Provides Update on June 2020 Rent Collections & New Financing

April 16, 2020 | markets.businessinsider.com

Summit Industrial Income REIT Provides Update on Impact of COVID-19 Pandemic

April 7, 2020 | markets.businessinsider.com

Summit Industrial Income REIT Announces Timing of First Quarter 2020 Results and Conference Call

March 26, 2020 | www.theglobeandmail.com

Thursday’s Insider Report: Presidents are buying these three beaten-down securities

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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

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Industrial
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:SMU.UN
CUSIP: N/A
CIK: N/A
Web: www.summitIIreit.com
Phone: (905) 791-1181
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

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 4.82
Forward P/E Ratio: 21.85
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 38.37
Current Ratio: 1.13
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: C$234.51 million
Price / Sales: 15.40
Cash Flow: C$0.60 per share
Price / Cash Flow: 31.49
Book Value: C$19.46 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 189,936,000
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

Key Competitors

View All Competitors

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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