SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Hits New 52-Week High – Should You Buy?

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) hit a new 52-week high during trading on Thursday . The company 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.

Wall Street Analysts Forecast Growth

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

SmartCentres Real Estate Investment Trst Stock Performance

The firm has a market capitalization of C$5.16 billion, a P/E ratio of 14.14 and a beta of 0.86. The company has a 50-day moving average of C$28.89 and a 200-day moving average of C$27.51. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.73 EPS for the quarter. The firm had revenue of C$231.84 million for the quarter. SmartCentres Real Estate Investment Trst had a return on equity of 5.35% and a net margin of 29.07%. On average, equities analysts anticipate that SmartCentres Real Estate Investment Trst will post 1.9333838 earnings per share for the current fiscal year.

SmartCentres Real Estate Investment Trst Company Profile

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.