SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Sets New 1-Year High – Should You Buy?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) hit a new 52-week high during trading on Monday . The stock traded as high as C$30.33 and last traded at C$30.25, with a volume of 35405 shares traded. The stock had previously closed at C$30.21.

Analysts Set New Price Targets

SRU.UN has been the subject of several recent analyst reports. National Bank Financial boosted their price objective on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Scotia boosted their price objective on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, SmartCentres Real Estate Investment Trst presently has an average rating of “Hold” and a consensus price target of C$28.75.

SmartCentres Real Estate Investment Trst Stock Down 0.9%

The company has a market cap of C$5.10 billion, a PE ratio of 13.98 and a beta of 0.86. The company has a fifty day moving average price of C$28.48 and a 200 day moving average price of C$27.28. 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 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.