Wall Street analyst has provided a review today, and retained the same rating on the stock. Analyst Pammi Bir from RBC Capital reiterated a Buy rating on SmartCentres Real Estate Investment Trust (SRU.UN – Research Report), with a C$29.00 price target.
According to TipRanks.com, Bir is a 4-star analyst with an average return of 6.1% and a 51.3% success rate. Bir covers the NA sector, focusing on stocks such as Allied Properties Real Estate Investment Trust, Choice Properties Real Estate Investment, and NorthWest Healthcare Properties REIT.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SmartCentres Real Estate Investment Trust with a C$29.38 average price target.
SmartCentres Real Estate Investment Trust’s market cap is currently C$4.02B and has a P/E ratio of 8.69.
SmartCentres Real Estate Investment Trust is a Canadian open-ended mutual fund trust. The company principally generates revenue from property leasing operations. Smart REIT comprises two groups of properties: retail and mixed-use. The retail group operates through the “SmartCentres” brand, and tenants include supermarkets, fitness centres, restaurants, and clothing and accessory stores. The mixed-use group operates through the “SmartUrban” brand and consists of office and residential developments in urban areas.
The company’s shares closed last Thursday at C$23.36.
Read More on TSE:SRU.UN:
- SmartCentres Real Estate Investment Trust Releases Third Quarter Results For 2023
- SmartCentres Real Estate Investment Trust Reschedules 2023 Third Quarter Conference Call
- SmartCentres Declares Distribution for October 2023
- SmartCentres Real Estate Investment Trust to Release 2023 Third Quarter Results and Host Conference Call
- SmartCentres Declares Distribution for September 2023
