SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Upgraded at TD Securities

TD Securities upgraded shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) from a hold rating to a buy rating in a report published on Monday morning,BayStreet.CA reports. They currently have C$28.00 target price on the stock, up from their prior target price of C$26.00.

A number of other research firms also recently commented on SRU.UN. CIBC lifted their target price on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday, November 15th. National Bankshares lifted their target price on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their price objective on SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$27.08.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of SmartCentres Real Estate Investment Trst stock opened at C$25.18 on Monday. SmartCentres Real Estate Investment Trst has a one year low of C$21.50 and a one year high of C$27.50. The company has a market cap of C$3.64 billion, a price-to-earnings ratio of 15.41 and a beta of 1.25. 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 business’s 50 day moving average price is C$25.86 and its 200 day moving average price is C$24.27.

About SmartCentres Real Estate Investment Trst

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.