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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$28.87 and last traded at C$28.86, with a volume of 93995 shares. The stock had previously closed at C$28.58.

Wall Street Analysts Forecast Growth

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

SmartCentres Real Estate Investment Trst Stock Performance

The firm has a market cap of C$4.92 billion, a PE ratio of 13.49 and a beta of 0.81. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The stock has a 50-day moving average price of C$27.67 and a 200 day moving average price of C$26.94.

About SmartCentres Real Estate Investment Trst

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.