SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Releases Quarterly Earnings Results

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) released its quarterly earnings results on Thursday. The company reported C($0.83) earnings per share for the quarter, reports. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. The firm had revenue of C$225.96 million during the quarter.

SmartCentres Real Estate Investment Trst Trading Down 1.1%

TSE SRU.UN opened at C$28.80 on Friday. The company has a fifty day simple moving average of C$29.90 and a two-hundred day simple moving average of C$28.42. The stock has a market cap of C$4.91 billion, a P/E ratio of 13.45 and a beta of 0.86. SmartCentres Real Estate Investment Trst has a 12-month low of C$25.01 and a 12-month high of C$30.90. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88.

Analyst Ratings Changes

A number of research firms recently commented on SRU.UN. Scotia increased their target price on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Finally, National Bank Financial increased their price objective on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$28.75.

About SmartCentres Real Estate Investment Trst

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.