The Financial sector company, Smart REIT Trust VV (SRU.UN), has received a rating update from a Wall Street analyst today. Analyst Johann Rodrigues from Raymond James remains neutral on the stock and has a C$33 price target.
According to TipRanks.com, Rodrigues is a 4-star analyst with an average return of 5.7% and a 74.1% success rate. Rodrigues covers the Financial sector, focusing on stocks such as Choice Properties Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Artis Real Estate Investment Trust.
Smart REIT Trust VV has an analyst consensus of Hold, with a price target consensus of C$33.75, a 4.6% upside from current levels. In a report released today, Desjardins also reiterated a Hold rating on the stock with a C$34.50 price target.
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Based on Smart REIT Trust VV’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$80.11 million. In comparison, last year the company had a net profit of C$86.11 million.
SmartCentres Real Estate Investment Trust is an open-ended mutual fund trust. The company is focused on the development and ownership of high quality retail properties. It also pursues mixed-use development and intensification opportunities including residential, retirement homes, office and self-storage.
The company’s shares closed on Monday at C$32.27.
