SmartCentres Real Estate Investment Trst (TSE:SRU.UN) PT Raised to C$26.00 at TD Securities

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective increased by TD Securities from C$24.00 to C$26.00 in a report released on Wednesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other equities analysts have also issued reports about the stock. Scotiabank cut their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a sector perform rating on the stock in a report on Thursday, May 16th. BMO Capital Markets cut their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a report on Friday, May 17th. Royal Bank of Canada cut their price objective on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an outperform rating on the stock in a report on Wednesday, May 15th. Finally, CIBC cut their price objective on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a report on Friday, May 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst currently has an average rating of Hold and an average price target of C$25.86.

SmartCentres Real Estate Investment Trst Stock Down 0.8 %

Shares of TSE SRU.UN opened at C$25.76 on Wednesday. The firm has a 50-day simple moving average of C$24.11 and a two-hundred day simple moving average of C$23.19. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. SmartCentres Real Estate Investment Trst has a 1 year low of C$20.67 and a 1 year high of C$26.35. The company has a market cap of C$3.73 billion, a P/E ratio of 16.10 and a beta of 1.25.

SmartCentres Real Estate Investment Trst Company Profile

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.