SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Hits New 12-Month High – Should You Buy?

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) reached a new 52-week high on Thursday . The company traded as high as C$28.87 and last traded at C$28.86, with a volume of 93995 shares. The stock had previously closed at C$28.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. National Bank Financial boosted their target price 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 report on Friday, May 8th. Royal Bank Of Canada boosted their target price on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Scotia boosted their target price 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 report on Friday, May 8th. One equities research 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 company has a consensus rating of “Hold” and a consensus price target of C$28.75.

SmartCentres Real Estate Investment Trst Stock Up 0.7%

The business has a fifty day moving average of C$27.76 and a 200 day moving average of C$26.97. The firm has a market cap of C$4.96 billion, a P/E ratio of 13.57 and a beta of 0.81. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

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.