SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Reaches New 1-Year High – Here’s What Happened

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$30.49 and last traded at C$30.41, with a volume of 42018 shares trading hands. The stock had previously closed at C$30.34.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Scotia upped their price target on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, National Bank Financial increased their target price on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, SmartCentres Real Estate Investment Trst presently has a consensus rating of “Hold” and a consensus price target of C$28.75.

SmartCentres Real Estate Investment Trst Trading Up 0.7%

The stock has a market cap of C$5.23 billion, a PE ratio of 14.34 and a beta of 0.86. The stock has a 50-day moving average price of C$28.99 and a two-hundred day moving average price of C$27.57. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.73 earnings per share (EPS) for the quarter. The business had revenue of C$231.84 million during the quarter. SmartCentres Real Estate Investment Trst had a return on equity of 5.35% and a net margin of 29.07%. Sell-side analysts forecast that SmartCentres Real Estate Investment Trst will post 1.9333838 earnings per share for the current fiscal year.

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.