SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) shares dropped 0% during trading on Thursday . The company traded as low as C$25.29 and last traded at C$25.44. Approximately 438,672 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 275,871 shares. The stock had previously closed at C$25.45.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SRU.UN. BMO Capital Markets upped their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research report on Monday, November 18th. CIBC lifted their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday, November 15th. TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and increased their target price for the stock from C$26.00 to C$28.00 in a report on Monday, November 18th. National Bankshares upped their price target on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Finally, Royal Bank of Canada boosted their price objective on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$27.08.
Check Out Our Latest Analysis on SmartCentres Real Estate Investment Trst
SmartCentres Real Estate Investment Trst Stock Down 0.8 %
SmartCentres Real Estate Investment Trst Company Profile
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.
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