SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Sets New 12-Month High – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) reached a new 52-week high on Wednesday . The stock traded as high as C$29.25 and last traded at C$29.12, with a volume of 252558 shares. The stock had previously closed at C$29.15.

Analysts Set New Price Targets

A number of brokerages have issued reports on SRU.UN. National Bank Financial lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Scotia upped their price target on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their price target on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$28.75.

SmartCentres Real Estate Investment Trst Stock Performance

The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The firm’s 50 day moving average is C$27.94 and its 200-day moving average is C$27.05. The firm has a market cap of C$4.97 billion, a price-to-earnings ratio of 13.61 and a beta of 0.81.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it’s wholly-owned residential sub-brand, SmartLiving.