National Bankshares Lowers SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$23.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target reduced by National Bankshares from C$26.00 to C$23.50 in a report issued on Wednesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank reduced their price target on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a sector perform rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a market perform rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada dropped their price objective on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an outperform rating for the company in a research note on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$26.64.

SmartCentres Real Estate Investment Trst Price Performance

SRU.UN stock opened at C$22.44 on Wednesday. The firm has a 50 day moving average of C$23.02 and a 200-day moving average of C$23.55. SmartCentres Real Estate Investment Trst has a 12-month low of C$20.67 and a 12-month high of C$26.42. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76. The company has a market cap of C$3.25 billion, a price-to-earnings ratio of 9.23 and a beta of 1.24.

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.