SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Cut to C$23.50 by Analysts at National Bankshares

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective decreased by National Bankshares from C$26.00 to C$23.50 in a report published on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a market perform rating in a report on Wednesday, February 28th. Royal Bank of Canada reduced their price target on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an outperform rating on the stock in a research report on Wednesday, February 21st. Finally, Scotiabank dropped their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a sector perform rating for the company in a report on Wednesday, February 21st. Five equities research 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 presently has an average rating of Hold and a consensus price target of C$26.64.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of TSE:SRU.UN opened at C$22.47 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76. SmartCentres Real Estate Investment Trst has a 1-year low of C$20.67 and a 1-year high of C$26.66. The stock has a market capitalization of C$3.25 billion, a P/E ratio of 9.26 and a beta of 1.24. The business has a 50-day moving average price of C$23.12 and a two-hundred day moving average price of C$23.57.

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.