Raymond James Financial Upgrades SmartCentres Real Estate Investment Trst (SRU.UN) to Outperform

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) was upgraded by Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued on Monday.

Several other research analysts also recently weighed in on SRU.UN. Canaccord Genuity dropped their price target on SmartCentres Real Estate Investment Trst from C$35.50 to C$32.50 in a research note on Monday, October 30th. TD Securities dropped their price target on SmartCentres Real Estate Investment Trst from C$34.00 to C$33.00 and set a “hold” rating for the company in a research note on Thursday, November 9th. Finally, Royal Bank of Canada upgraded SmartCentres Real Estate Investment Trst from an “outperform” rating to a “top pick” rating in a research note on Thursday, December 14th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. SmartCentres Real Estate Investment Trst presently has an average rating of “Buy” and a consensus price target of C$33.63.

SmartCentres Real Estate Investment Trst (TSE SRU.UN) traded up C$0.28 during mid-day trading on Monday, reaching C$30.72. The company’s stock had a trading volume of 108,892 shares, compared to its average volume of 193,810. SmartCentres Real Estate Investment Trst has a 1-year low of C$28.77 and a 1-year high of C$33.99. The company has a market cap of $4,070.00, a P/E ratio of 14.09 and a beta of 0.16.

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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.

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