SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Reaches New 1-Year High – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$29.25 and last traded at C$29.12, with a volume of 252558 shares. The stock had previously closed at C$29.15.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank Of Canada boosted 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. Scotia boosted their price target on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, National Bank Financial upped their target price on shares of 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 stock. According to data from MarketBeat, SmartCentres Real Estate Investment Trst has a consensus rating of “Hold” and an average price target of C$28.75.

Get Our Latest Analysis on SRU.UN

SmartCentres Real Estate Investment Trst Stock Performance

The firm’s fifty day moving average price is C$27.86 and its 200-day moving average price is C$27.01. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The firm has a market cap of C$4.97 billion, a price-to-earnings ratio of 13.60 and a beta of 0.81.

SmartCentres Real Estate Investment Trst Company Profile

(Get Free Report)

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it’s wholly-owned residential sub-brand, SmartLiving.

Further Reading

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