SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price lowered by National Bank Financial from C$35.00 to C$34.00 in a report issued on Monday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.
SRU.UN has been the subject of a number of other reports. Raymond James reaffirmed a market perform rating and set a C$33.00 price target on shares of SmartCentres Real Estate Investment Trst in a research note on Monday. Desjardins lowered SmartCentres Real Estate Investment Trst from a buy rating to a hold rating in a research note on Monday, May 13th. Finally, TD Securities decreased their price target on SmartCentres Real Estate Investment Trst from C$35.00 to C$34.00 and set a hold rating for the company in a research note on Thursday, May 9th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. SmartCentres Real Estate Investment Trst presently has an average rating of Hold and an average target price of C$34.29.
Shares of TSE SRU.UN opened at C$31.95 on Monday. The firm’s fifty day moving average price is C$32.98. The company has a current ratio of 0.59, a quick ratio of 0.47 and a debt-to-equity ratio of 76.34. The company has a market cap of $4.25 billion and a price-to-earnings ratio of 14.30. SmartCentres Real Estate Investment Trst has a 1 year low of C$29.19 and a 1 year high of C$35.23.
SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.5 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants.
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