Average Price Target: C$30.36
▲ +2.59% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for SmartCentres Real Estate Investment Trst in the last 3 months. The average price target is C$30.36, with a high forecast of C$33.00 and a low forecast of C$27.50. The average price target represents a 2.59% upside from the last price of C$29.59.
The current consensus among 4 investment analysts is to hold stock in SmartCentres Real Estate Investment Trst. This Hold consensus rating has held steady for over two years.
SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.5 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartCentres is a joint-venture partner in the Premium Outlets locations in Toronto and Montreal with Simon Property Group. SmartCentres is expanding the breadth of its portfolio to include residential (single-family, condominium and rental), retirement homes, office, and self-storage, either on its large urban properties such as the Vaughan Metropolitan Centre or as an adjunct to its well-located existing shopping centres.