SmartCentres Real Estate Investment Trst (SRU.UN) Downgraded to “Outperform” at Royal Bank of Canada

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) was downgraded by Royal Bank of Canada from a “top pick” rating to an “outperform” rating in a report released on Wednesday. They currently have a C$36.00 target price on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 7.62% from the stock’s previous close.

Several other equities analysts have also commented on the stock. National Bank Financial reaffirmed a “sector perform” rating and set a C$32.00 price target on shares of SmartCentres Real Estate Investment Trst in a research report on Tuesday, January 15th. Desjardins reaffirmed an “average” rating and set a C$34.00 price target on shares of SmartCentres Real Estate Investment Trst in a research report on Wednesday, December 19th. Finally, TD Securities upped their price target on shares of SmartCentres Real Estate Investment Trst from C$31.00 to C$32.00 and gave the stock a “hold” rating in a research report on Thursday, January 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. SmartCentres Real Estate Investment Trst presently has an average rating of “Hold” and a consensus price target of C$33.07.

SRU.UN stock traded down C$0.33 on Wednesday, hitting C$33.45. 132,434 shares of the company were exchanged, compared to its average volume of 241,912. SmartCentres Real Estate Investment Trst has a twelve month low of C$28.56 and a twelve month high of C$33.30. The company has a debt-to-equity ratio of 83.34, a quick ratio of 0.08 and a current ratio of 0.18. The firm has a market capitalization of $4.49 billion and a price-to-earnings ratio of 13.42.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.4 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.

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Analyst Recommendations for SmartCentres Real Estate Investment Trst (TSE:SRU.UN)

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