Rating Coverage: What To Expect After SmartREIT (TSE:SRU.UN)’s Upgrade Rating From Desjardins Securities?

November 28, 2016 - By Winifred Garcia

SmartREIT (TSE:SRU.UN) Upgrade

Desjardins Securities has raised SmartREIT (TSE:SRU.UN) stock to “Buy” in a research note released on 28 November. SRU.UN’s old rating was “Hold”.

Smart REIT (TSE:SRU.UN) Ratings Coverage

Out of 6 analysts covering SmartREIT (TSE:SRU.UN), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $37.50 is the highest target while $33 is the lowest. The $36.07 average target is 16.96% above today’s ($30.84) stock price. SmartREIT has been the topic of 11 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by TD Securities on Friday, November 4. The firm earned “Sector Perform” rating on Friday, August 7 by Scotia Capital. The rating was maintained by IBC on Monday, August 10 with “Outperform”. The stock of Smart REIT (TSE:SRU.UN) earned “Sector Perform” rating by Scotia Capital on Thursday, November 3.

About 254,568 shares traded hands. Smart REIT (TSE:SRU.UN) has declined 10.21% since April 29, 2016 and is downtrending. It has underperformed by 16.23% the S&P500.

Smart Real Estate Investment Trust, formerly known as Calloway Real Estate Investment Trust, open-ended mutual fund trust. The company has a market cap of $3.99 billion. The Trust develops, leases, constructs, owns and manages shopping centers in Canada, both directly and through its subsidiaries, Smart Limited Partnership, Smart Limited Partnership II and Smart Limited Partnership III. It has a 18.52 P/E ratio. The Trust owns approximately 140 shopping centers with total gross leasable area of over 31.1 million square feet and approximately 10 development properties, located in communities across Canada.

More notable recent Smart REIT (TSE:SRU.UN) news were published by: Business.Financialpost.com which released: “Smart REIT makes smart move with two-part offering” on August 12, 2016, also Forbes.com with their article: “5 REITs The Smart Money Will Pile Into This Summer” published on June 08, 2016, Fool.ca published: “Smart REIT: A Smart Way to Invest in Wal-Mart Canada” on September 29, 2016. More interesting news about Smart REIT (TSE:SRU.UN) were released by: Fool.ca and their article: “Smart REIT: A Smart Pick for Income Investors” published on August 22, 2016 as well as Fool.ca‘s news article titled: “If You Don’t Buy Smart REIT Now, You’ll Be Kicking Yourself Later” with publication date: May 05, 2016.

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