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.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3094483/smartcentres-real-estate-investment-trst-sru-un-raised-to-top-pick-at-royal-bank-of-canada.html.
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.
Receive News & Ratings for SmartCentres Real Estate Investment Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmartCentres Real Estate Investment Trst and related companies with MarketBeat.com's FREE daily email newsletter.