SmartCentres Real Estate Investment Trst (SRU.UN) Given Consensus Rating of “Buy” by Analysts

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) has been given a consensus recommendation of “Buy” by the six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$33.63.

Several research firms recently issued reports on SRU.UN. TD Securities lowered their price objective on SmartCentres Real Estate Investment Trst from C$34.00 to C$33.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Canaccord Genuity lowered their price objective on SmartCentres Real Estate Investment Trst from C$35.50 to C$32.50 in a research report on Monday, October 30th. Scotiabank lowered their price objective on SmartCentres Real Estate Investment Trst from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, August 14th. Finally, CIBC lowered their price objective on SmartCentres Real Estate Investment Trst from C$36.50 to C$34.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th.

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Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) traded up C$0.03 on Friday, hitting C$29.72. The stock had a trading volume of 176,504 shares, compared to its average volume of 227,093. SmartCentres Real Estate Investment Trst has a 12-month low of C$28.77 and a 12-month high of C$33.99.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust, formerly Smart REIT, is a Canada-based real estate investment trust. The Company owns and manages approximately 30 million square feet in value-oriented, principally Walmart-anchored retail centers, having national and regional retailers as well as neighborhood merchants.

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

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