SmartCentres Real Estate Investment Trst’s (SRU.UN) “Market Perform” Rating Reaffirmed at Raymond James

Raymond James reiterated their market perform rating on shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) in a research report sent to investors on Tuesday, BayStreet.CA reports.

Several other equities analysts also recently issued reports on SRU.UN. National Bank Financial upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$33.00 to C$35.00 and gave the company a sector perform rating in a research note on Wednesday, April 17th. TD Securities upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$34.00 and gave the company a hold rating in a research note on Wednesday, February 20th. BMO Capital Markets restated a market perform rating and issued a C$33.00 price objective on shares of SmartCentres Real Estate Investment Trst in a research note on Monday, February 11th. Royal Bank of Canada downgraded shares of SmartCentres Real Estate Investment Trst from a top pick rating to an outperform rating and set a C$36.00 price objective for the company. in a research note on Wednesday, February 6th. Finally, CIBC upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$36.00 in a research note on Thursday, February 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$33.83.

TSE:SRU.UN opened at C$33.78 on Tuesday. The firm has a market capitalization of $4.53 billion and a P/E ratio of 13.56. The company has a debt-to-equity ratio of 83.34, a quick ratio of 0.08 and a current ratio of 0.18. SmartCentres Real Estate Investment Trst has a 12 month low of C$28.56 and a 12 month high of C$33.30.

About SmartCentres Real Estate Investment Trst

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.

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

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