SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Sets New 52-Week High – Still a Buy?

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SRU.UN. Royal Bank Of Canada boosted their price target on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. National Bank Financial boosted their price target on shares of SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Scotia boosted 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 research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$28.75.

SmartCentres Real Estate Investment Trst Price Performance

The firm’s 50-day moving average is C$28.36 and its 200-day moving average is C$27.22. The company has a market capitalization of C$5.02 billion, a PE ratio of 13.76 and a beta of 0.86. 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.