SmartCentres Real Estate Investment Trst (SRU.UN) Price Target Cut to C$34.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective lowered by TD Securities from C$35.00 to C$34.00 in a research report report published on Thursday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued reports about the stock. CIBC increased their target price on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$36.00 in a research note on Thursday, February 14th. National Bank Financial increased their target price on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 and gave the stock a sector perform rating in a research note on Thursday, January 31st. Raymond James reissued a market perform rating on shares of SmartCentres Real Estate Investment Trst in a research note on Tuesday, February 19th. Royal Bank of Canada lowered shares of SmartCentres Real Estate Investment Trst from a top pick rating to an outperform rating and set a C$36.00 target price on the stock. in a research note on Wednesday, February 6th. Finally, BMO Capital Markets reissued a market perform rating and set a C$33.00 target price on shares of SmartCentres Real Estate Investment Trst in a research note on Monday, February 11th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. SmartCentres Real Estate Investment Trst has a consensus rating of Hold and a consensus price target of C$33.83.

Shares of TSE SRU.UN opened at C$33.75 on Thursday. The firm has a market cap of $4.53 billion and a P/E ratio of 13.54. SmartCentres Real Estate Investment Trst has a 12-month low of C$28.56 and a 12-month high of C$33.30. The company has a debt-to-equity ratio of 83.34, a quick ratio of 0.08 and a current ratio of 0.18.

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.

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

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