SmartCentres Real Estate Investment Trust (SRU.UN – Research Report) has received a rating update from a Wall Street analyst today. The NA company, SmartCentres Real Estate Investment Trust (TSX: SRU.UN) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Markidis is a 5-star analyst with an average return of 12.3% and a 69.6% success rate. Markidis covers the NA sector, focusing on stocks such as Choice Properties Real Estate Investment, NorthWest Healthcare Properties REIT, and RioCan Real Estate Investment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SmartCentres Real Estate Investment Trust with a C$27.40 average price target, a 20.0% upside from current levels. In a report issued on November 17, Scotiabank also maintained a Hold rating on the stock with a C$25.50 price target.
Based on SmartCentres Real Estate Investment Trust’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$208 million and net profit of C$175 million. In comparison, last year the company earned revenue of C$199 million and had a net profit of C$172 million.
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 Wednesday at C$22.77.
Read More on TSE:SRU.UN:
- SmartCentres Declares Distribution for November 2023
- 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
