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

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$30.33 and last traded at C$30.25, with a volume of 35405 shares traded. The stock had previously closed at C$30.21.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SRU.UN shares. Scotia increased their price objective on shares of 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. Royal Bank Of Canada increased their price objective on shares of 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, National Bank Financial increased their price objective on shares of 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst currently has a consensus rating of “Hold” and an average price target of C$28.75.

SmartCentres Real Estate Investment Trst Stock Performance

The firm has a market cap of C$5.13 billion, a P/E ratio of 14.06 and a beta of 0.86. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The company’s 50-day moving average is C$28.59 and its two-hundred day moving average is C$27.33.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.73 earnings per share for the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. The business had revenue of C$231.84 million for the quarter. As a group, equities analysts predict that SmartCentres Real Estate Investment Trst will post 1.9333838 EPS for the current fiscal year.

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.