SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Hits New 52-Week High – Should You Buy?

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) hit a new 52-week high during trading on Thursday . The stock traded as high as C$30.49 and last traded at C$30.41, with a volume of 42018 shares. The stock had previously closed at C$30.34.

Analyst Ratings Changes

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

SmartCentres Real Estate Investment Trst Trading Down 0.2%

The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The firm has a market capitalization of C$5.16 billion, a P/E ratio of 14.14 and a beta of 0.86. The firm has a 50 day moving average of C$28.89 and a 200-day moving average of C$27.51.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last issued its earnings results on Wednesday, May 6th. The company reported C$0.73 EPS for the quarter. The company had revenue of C$231.84 million during the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. On average, equities research analysts predict that SmartCentres Real Estate Investment Trst will post 1.9333838 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trst Company Profile

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.