PriceTargets.com logo

Summit Industrial Income REIT - SMMCF Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $22.83
  • Forecasted Upside: 32.25%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$17.27 As of 02/21/2023 01:00 AM ET
+0 (0.00%)

This chart shows the closing price for SMMCF by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Summit Industrial Income REIT Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for SMMCF and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for SMMCF

Analyst Price Target is $22.83
▲ +32.25% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Summit Industrial Income REIT in the last 3 months. The average price target is $22.83, with a high forecast of $23.50 and a low forecast of $21.50. The average price target represents a 32.25% upside from the last price of $17.27.

This chart shows the closing price for SMMCF for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Hold

The current consensus among 3 polled investment analysts is to hold stock in Summit Industrial Income REIT. This rating has held steady since September 2022, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/29/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/28/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/28/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
6/26/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/24/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/23/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/21/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/23/2023

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/23/2022Royal Bank of CanadaBoost TargetC$21.50 ➝ C$23.50
11/8/2022DesjardinsDowngradeBuy
11/8/2022Canaccord Genuity GroupDowngradeBuy ➝ HoldC$22.00 ➝ C$23.50
11/8/2022Raymond JamesDowngradeOutperform ➝ Market Perform
10/28/2022ScotiabankLower TargetC$22.00 ➝ C$21.50
8/15/2022DesjardinsLower TargetC$24.00 ➝ C$23.50
8/11/2022TD SecuritiesBoost TargetC$19.50 ➝ C$22.00
7/7/2022ScotiabankLower TargetC$25.00 ➝ C$22.00
5/16/2022Raymond JamesLower TargetC$25.00 ➝ C$23.00
5/16/2022Royal Bank of CanadaLower TargetC$25.00 ➝ C$24.00
5/13/2022DesjardinsLower TargetC$25.00 ➝ C$24.00
5/12/2022TD SecuritiesLower TargetC$25.00 ➝ C$24.00
5/12/2022Canaccord Genuity GroupUpgradeHold ➝ Buy
2/23/2022Royal Bank of CanadaLower TargetC$25.50 ➝ C$25.00
11/11/2021ScotiabankBoost TargetOutperformC$24.00 ➝ C$25.00
11/10/2021BMO Capital MarketsBoost TargetOutperformC$23.00 ➝ C$25.00
11/10/2021CIBCBoost TargetNeutralC$22.50 ➝ C$24.50
11/10/2021Royal Bank of CanadaBoost TargetSector PerformC$23.00 ➝ C$25.50
11/10/2021Raymond JamesBoost TargetOutperformC$23.75 ➝ C$25.00
11/10/2021TD SecuritiesBoost TargetBuyC$25.00 ➝ C$26.00
11/2/2021ScotiabankBoost TargetOutperformC$22.50 ➝ C$24.00
9/24/2021National Bank FinancialBoost TargetOutperform ➝ OutperformC$22.50 ➝ C$24.00
9/23/2021CIBCBoost TargetNeutralC$21.50 ➝ C$22.50
9/23/2021Raymond JamesBoost TargetOutperformC$23.00 ➝ C$23.75
9/23/2021BMO Capital MarketsBoost TargetOutperformC$22.00 ➝ C$23.00
8/18/2021Royal Bank of CanadaBoost TargetSector PerformC$17.50 ➝ C$23.00
8/16/2021ScotiabankBoost TargetOutperformC$18.50 ➝ C$22.50
8/12/2021National Bank FinancialBoost TargetOutperform ➝ OutperformC$21.00 ➝ C$22.50
8/12/2021BMO Capital MarketsBoost TargetOutperformC$18.50 ➝ C$22.00
8/12/2021CIBCBoost TargetNeutralC$18.00 ➝ C$21.50
8/12/2021Raymond JamesBoost TargetOutperformC$20.00 ➝ C$23.00
8/12/2021TD SecuritiesBoost TargetBuyC$21.00 ➝ C$24.00
7/16/2021TD SecuritiesInitiated CoverageBuy$14.66
6/23/2021ScotiabankBoost TargetC$16.50 ➝ C$18.50
6/23/2021CIBCBoost TargetC$16.50 ➝ C$18.00
6/22/2021BMO Capital MarketsBoost TargetOutperformC$16.75 ➝ C$18.50
5/18/2021Royal Bank of CanadaBoost TargetSector PerformC$15.50 ➝ C$17.50
5/14/2021BMO Capital MarketsBoost TargetOutperformC$15.00 ➝ C$16.75
5/14/2021DesjardinsBoost TargetBuyC$15.50 ➝ C$17.00
5/13/2021National Bank FinancialBoost TargetOutperform ➝ OutperformC$17.00 ➝ C$18.00
5/13/2021CIBCBoost TargetNeutral$15.00 ➝ $16.50
5/13/2021Raymond JamesBoost TargetOutperform$17.00 ➝ $17.50
5/13/2021ScotiabankBoost TargetOutperform$15.50 ➝ $16.50
4/23/2021National Bank FinancialReiterated RatingOutperform
4/22/2021Raymond JamesBoost TargetOutperform$15.75 ➝ $17.00
3/24/2021Raymond JamesInitiated CoverageOutperform
2/23/2021ScotiabankBoost TargetOutperform$14.25 ➝ $15.50
2/19/2021Royal Bank of CanadaBoost TargetSector Perform$14.50 ➝ $15.50
2/19/2021CIBCBoost TargetNeutral$14.25 ➝ $15.00
11/24/2020ScotiabankBoost TargetSector Perform$13.00 ➝ $14.25
11/18/2020BMO Capital MarketsBoost TargetOutperform$13.75 ➝ $14.25
11/18/2020CIBCBoost TargetNeutral$14.00 ➝ $14.25
10/18/2020Echelon Wealth PartnersReiterated RatingHold$13.00
10/5/2020Royal Bank of CanadaBoost TargetSector Perform$13.00 ➝ $13.50
8/17/2020Royal Bank of CanadaBoost TargetSector Perform$12.00 ➝ $13.00
8/17/2020BMO Capital MarketsBoost TargetOutperform$11.75 ➝ $13.75
8/14/2020ScotiabankBoost TargetOutperform$12.00 ➝ $13.00
8/13/2020CIBCBoost TargetNeutral$11.25 ➝ $12.75
5/14/2020ScotiabankLower TargetOutperform$14.75 ➝ $12.00
5/14/2020CIBCLower TargetNeutral$11.50 ➝ $11.25
4/14/2020Royal Bank of CanadaLower TargetSector Perform$14.50 ➝ $12.00
1/27/2020National Bank FinancialUpgradeBuy
11/17/2019Echelon Wealth PartnersReiterated RatingHold$13.00
10/18/2019DesjardinsInitiated CoverageBuy$14.00
(Data available from 3/23/2018 forward)

News Sentiment Rating

0.00 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/25/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/24/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/24/2022
  • 4 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/23/2022
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/23/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/22/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/21/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/23/2023

Current Sentiment

  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

  • No very positive mentions tracked during this time.
Summit Industrial Income REIT logo
Summit Industrial Income REIT is an open-ended mutual fund trust, which engages in growing and managing a portfolio of light industrial properties. Its properties are located in Ontario, Quebec, Alberta, British Columbia, and New Brunswick. The company was founded on November 24, 1998 and is headquartered in Markham, Canada.
Read More

Today's Range

Now: $17.27
Low: $17.27
High: $17.27

50 Day Range

MA: $17.21
Low: $16.95
High: $17.40

52 Week Range

Now: $17.27
Low: $11.84
High: $18.83

Volume

N/A

Average Volume

5,369 shs

Market Capitalization

N/A

P/E Ratio

29.50

Dividend Yield

8.26%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Summit Industrial Income REIT?

The following Wall Street analysts have issued reports on Summit Industrial Income REIT in the last year: Canaccord Genuity Group Inc., Desjardins, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for SMMCF.

What is the current price target for Summit Industrial Income REIT?

6 Wall Street analysts have set twelve-month price targets for Summit Industrial Income REIT in the last year. Their average twelve-month price target is $22.83, suggesting a possible upside of 32.2%. Royal Bank of Canada has the highest price target set, predicting SMMCF will reach $23.50 in the next twelve months. Scotiabank has the lowest price target set, forecasting a price of $21.50 for Summit Industrial Income REIT in the next year.
View the latest price targets for SMMCF.

What is the current consensus analyst rating for Summit Industrial Income REIT?

Summit Industrial Income REIT currently has 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in SMMCF, but not buy more shares or sell existing shares.
View the latest ratings for SMMCF.

What other companies compete with Summit Industrial Income REIT?

Other companies that are similar to Summit Industrial Income REIT include ACRE Realty Investors, Aedifica, alstria office REIT, American Hotel Income Properties REIT and American Spectrum Realty. Learn More about companies similar to Summit Industrial Income REIT.

How do I contact Summit Industrial Income REIT's investor relations team?

Summit Industrial Income REIT's physical mailing address is 75 Summerlea Road, Brampton, ON L6T. The company's listed phone number is (905) 791-1181. The official website for Summit Industrial Income REIT is www.summitIIreit.com. Learn More about contacing Summit Industrial Income REIT investor relations.