SmartCentres Real Estate Investment Trst (SRU.UN) Raised to “Top Pick” at Royal Bank of Canada

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) was upgraded by Royal Bank of Canada from an “outperform” rating to a “top pick” rating in a research note issued on Thursday.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity lowered their price objective on shares of SmartCentres Real Estate Investment Trst from C$35.50 to C$32.50 in a research report on Monday, October 30th. TD Securities reduced their target price on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$33.00 and set a “hold” rating for the company in a report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. SmartCentres Real Estate Investment Trst presently has a consensus rating of “Buy” and a consensus target price of C$33.63.

Shares of SmartCentres Real Estate Investment Trst (TSE SRU.UN) traded up C$0.90 during trading on Thursday, reaching C$31.13. 222,821 shares of the company were exchanged, compared to its average volume of 193,171. SmartCentres Real Estate Investment Trst has a 12 month low of C$28.77 and a 12 month high of C$33.99.

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SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust, formerly Smart REIT, is a Canada-based real estate investment trust. The Company owns and manages approximately 30 million square feet in value-oriented, principally Walmart-anchored retail centers, having national and regional retailers as well as neighborhood merchants.

Analyst Recommendations for SmartCentres Real Estate Investment Trst (TSE:SRU.UN)

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