SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Upgraded by TD Securities to Buy Rating

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a C$28.00 price objective on the stock, up from their prior price objective of C$26.00. TD Securities’ price target indicates a potential upside of 10.89% from the company’s previous close.

SRU.UN has been the subject of several other research reports. National Bankshares boosted their price objective on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. BMO Capital Markets lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research report on Monday, October 28th. Finally, CIBC upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$26.92.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of SmartCentres Real Estate Investment Trst stock opened at C$25.25 on Monday. The business has a 50-day simple moving average of C$25.89 and a 200 day simple moving average of C$24.25. 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 debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The firm has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 15.40 and a beta of 1.25.

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.