SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Receives Average Rating of “Hold” from Analysts

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$25.42.

Separately, TD Securities lifted their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th.

SmartCentres Real Estate Investment Trst Trading Down 1.6 %

SRU.UN opened at C$25.95 on Friday. The firm’s fifty day moving average is C$25.36 and its two-hundred day moving average is C$23.60. The firm has a market cap of C$3.75 billion, a PE ratio of 15.85 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a twelve month low of C$20.67 and a twelve month high of C$27.50. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

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.