SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Sets New 52-Week High – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$29.36 and last traded at C$29.36, with a volume of 10174 shares. The stock had previously closed at C$29.05.

Analyst Ratings Changes

SRU.UN has been the subject of several recent analyst reports. National Bank Financial increased their price objective on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Scotia increased their price objective on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$28.75.

SmartCentres Real Estate Investment Trst Stock Up 1.4%

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 50 day simple moving average of C$28.24 and a 200-day simple moving average of C$27.18. The stock has a market capitalization of C$5.04 billion, a price-to-earnings ratio of 13.79 and a beta of 0.86.

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.