SmartCentres Real Estate Investment Trst (SRU.UN) Stock Price, News & Analysis

Company Overview

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. In addition, SmartCentres is a joint-venture partner in the Premium Outlets locations in Toronto and Montreal with Simon Property Group. SmartCentres is expanding the breadth of its portfolio to include residential (single-family, condominium and rental), retirement homes, office, and self-storage, either on its large urban properties such as the Vaughan Metropolitan Centre or as an adjunct to its well-located existing shopping centres.

Key Stats

• Today's Range: C$25.90 to C$26.34
• 50-Day Range: C$25.31 to C$26.32
• 52-Week Range: C$23.18 to C$27.50
• Volume: 458,916 shs
• Average Volume: 305,617 shs
• Market Capitalization: C$3.81 billion
• P/E Ratio: 16.05
• Dividend Yield: 7.03%
• Price Target: C$27.46
• Consensus Rating: Hold

SmartCentres Real Estate Investment Trst Stock Analysis - MarketRank™

SmartCentres Real Estate Investment Trst scored higher than 23% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

SmartCentres Real Estate Investment Trst has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SmartCentres Real Estate Investment Trst has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of SmartCentres Real Estate Investment Trst is 16.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.71.

Price to Earnings Ratio vs. Sector

The P/E ratio of SmartCentres Real Estate Investment Trst is 16.05, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 10.85.

Price to Book Value per Share Ratio

SmartCentres Real Estate Investment Trst has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SRU.UN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

SmartCentres Real Estate Investment Trst is a leading dividend payer. It pays a dividend yield of 7.24%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

SmartCentres Real Estate Investment Trst does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of SmartCentres Real Estate Investment Trst is 112.80%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SRU.UN.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.93

News Sentiment

SmartCentres Real Estate Investment Trst has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for SmartCentres Real Estate Investment Trst this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for SRU.UN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added SmartCentres Real Estate Investment Trst to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SmartCentres Real Estate Investment Trst insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.93% of the stock of SmartCentres Real Estate Investment Trst is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 17.89% of the stock of SmartCentres Real Estate Investment Trst is held by institutions.

SRU.UN Stock Analysis - Frequently Asked Questions

How have SRU.UN shares performed this year?

SmartCentres Real Estate Investment Trst's stock was trading at C$24.46 at the beginning of the year. Since then, SRU.UN shares have increased by 7.6% and is now trading at C$26.32.

How do I buy shares of SmartCentres Real Estate Investment Trst?

Shares of SRU.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.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Retail
• Sub-Industry: N/A
• Current Symbol: TSE:SRU.UN
• Previous Symbol: TSE:CWT.UN
• CIK: N/A
• Web: www.smartcentres.com
• Phone: +1-905-3266400
• Fax: N/A
• Employees: 337
• Year Founded: N/A

Price Target and Rating

• Average Price Target for SmartCentres Real Estate Investment Trst: C$27.46
• High Price Target: C$29.00
• Low Price Target: C$25.25
• Potential Upside/Downside: +4.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): C$1.64
• Trailing P/E Ratio: 16.05
• Forward P/E Ratio: 13.61
• P/E Growth: N/A
• Net Income: C$273.24 million
• Net Margins: 29.07%
• Pretax Margin: N/A
• Return on Equity: 5.35%
• Return on Assets: 2.99%

Debt

• Debt-to-Equity Ratio: 80.88
• Current Ratio: 0.17
• Quick Ratio: 0.10

Sales & Book Value

• Annual Sales: C$939.90 million
• Price / Sales: 4.05
• Cash Flow: C$0.13 per share
• Price / Cash Flow: 203.11
• Book Value: C$36.13 per share
• Price / Book: 0.73

Miscellaneous

• Outstanding Shares: 144,690,000
• Free Float: N/A
• Market Cap: C$3.81 billion
• Optionable: Not Optionable
• Beta: 1.25