TSE:SMU.UN

23.48
0.02 (0.09%) 1d
0

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PAST TOP PICK
(A Top Pick Sep 28/22, Up 45%)

Got taken out. Traded at a 25% discount in a sector that was in high demand.

investment companies / funds
PAST TOP PICK
(A Top Pick Apr 28/22, Up 11%)

Acquired. Takeover validates the value that's out there today.

investment companies / funds
SELL
Takeout offer of $23.50. Merger arbitrage, with stock trading at just below the takeout price. You have to decide if you want to take your money off the table right now, or hold out for another $1 a share. Likelihood of deal going through is quite high, already had a big boost in the share price. He'd do it now, so you can redeploy your capital into an opportunity with greater upside.
investment companies / funds
TOP PICK
Best way to get exposure to industrial real estate in Canada. Toronto and Montreal - best real estate markets in North America (increasing rent levels). Rents going up ~35-60% percent. Trading at discount to asset value(under valued). Presenting good buying opportunity. Good management team.
investment companies / funds
HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong occupancy rate at 99.2%. Owns 156 properties in Canada’s largest hubs. Strong revenue growth and net income. Supported by robust Canadian real estate. Unlock Premium - Try 5i Free

investment companies / funds
TOP PICK
The best way to play the strongest and tightest market in NA, and that's the industrial market, specifically in Montreal. Track record of creating value. Good takeout candidate at some point. Trading at a wide discount to NAV. Yield is 2.7%. (Analysts’ price target is $24.94)
investment companies / funds
BUY
Industrial warehouses in Canada, specifically GTA. Can generate 20 to 25% growth in this market. Has done good job in adding new assets.. Adding on pullbacks and great long term hold.
investment companies / funds
BUY ON WEAKNESS
Allan Tong’s Discover Picks There's a lot to like with Summit: a 3.3x PE, margins which blow away its peers, such as its 520% profit margin, and the same with its ROE of 31.32%. There are only two flags, however: Summit pays only a 2.62% dividend, the lowest in its class, and shares are currently trading at highs not seen in a decade. Still the street foresees 16% upside to $25.01. I prefer stepping in with a pullback during this current volatile market. Read 3 Best Canadian industrial REITs in 2022 for our full analysis.
investment companies / funds
BUY ON WEAKNESS
Likes it and its sector. Trade at a healthy premium. In the right markets. Growth has traditionally been there. Fairly valued today. Look for pullbacks to buy.
investment companies / funds
COMMENT

Focused on Canadian industrial warehouses. It's returned to its highs. However, its valuation has gotten high, so maybe take profits and add back later. There are better values in industrial spaces, though. Look at Granite REIT. Otherwise, nothing wrong with SMU.

investment companies / funds
PAST TOP PICK

(A Top Pick Feb 12/19, Up 32%) Scotiabank just announced a $13.75 target. Managers own about 10% of shares. There's good industrial rent growth in Toronto and Montreal. Vacancy rates are rock-bottom low.

investment companies / funds
BUY
He follows it as it gets interesting. It's up 35% this year with apartment holdings in Toronto and Montreal. They're hot now, getting acquisitive outside these two regions. If you don't hold REITs, this should be one of them. A top contender. A solid business.
investment companies / funds
HOLD
Solid management that has focused on industrial assets for decades. They have a strong presence in Toronto where vacancy rates are 1%. E-commerce business is accelerating their value. They just acquired an asset in Calgary, which has brought some pause to the market. He likes it and will continue to own it. It trades at a small premium to NAV, but still sees good value. (Analysts’ price target is $13.70)
investment companies / funds
HOLD
Recent acquisition in Calgary. Not a huge fan of Calgary industrial market. But they needed to grow. Embedded growth will come over time. Valuation is fair. Don't sell, but don't jump in with a huge position either. Hold it, and watch the growth story play out.
investment companies / funds
COMMENT

Buy more? He can't answer that without knowing the overall portfolio, but also look at RIOCAN REIT in the North American industrial REIT space.

investment companies / funds
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SUMMIT INDUSTRIAL INCOME REIT RCPTS(SMU.UN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for SUMMIT INDUSTRIAL INCOME REIT RCPTS is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

SUMMIT INDUSTRIAL INCOME REIT RCPTS(SMU.UN-T) Frequently Asked Questions

What is SUMMIT INDUSTRIAL INCOME REIT RCPTS stock symbol?

SUMMIT INDUSTRIAL INCOME REIT RCPTS is a Canadian stock, trading under the symbol SMU.UN-T on the Toronto Stock Exchange (SMU.UN-CT). It is usually referred to as TSX:SMU.UN or SMU.UN-T

Is SUMMIT INDUSTRIAL INCOME REIT RCPTS a buy or a sell?

In the last year, there was no coverage of SUMMIT INDUSTRIAL INCOME REIT RCPTS published on Stockchase.

Is SUMMIT INDUSTRIAL INCOME REIT RCPTS a good investment or a top pick?

SUMMIT INDUSTRIAL INCOME REIT RCPTS was recommended as a Top Pick by on . Read the latest stock experts ratings for SUMMIT INDUSTRIAL INCOME REIT RCPTS.

Why is SUMMIT INDUSTRIAL INCOME REIT RCPTS stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is SUMMIT INDUSTRIAL INCOME REIT RCPTS worth watching?

0 stock analysts on Stockchase covered SUMMIT INDUSTRIAL INCOME REIT RCPTS In the last year. It is a trending stock that is worth watching.

What is SUMMIT INDUSTRIAL INCOME REIT RCPTS stock price?

On 2023-02-21, SUMMIT INDUSTRIAL INCOME REIT RCPTS (SMU.UN-T) stock closed at a price of $23.48.