SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Crosses Below 50 Day Moving Average – Here’s Why

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$24.72 and traded as low as C$24.55. SmartCentres Real Estate Investment Trst shares last traded at C$24.59, with a volume of 224,827 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research note on Monday, November 18th. Royal Bank of Canada raised their price objective on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a report on Thursday, November 21st. CIBC increased their target price on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday, November 15th. Finally, TD Securities upgraded shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$26.00 to C$28.00 in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$27.08.

SmartCentres Real Estate Investment Trst Price Performance

The stock has a 50 day moving average price of C$24.72 and a 200-day moving average price of C$25.17. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The stock has a market capitalization of C$3.56 billion, a price-to-earnings ratio of 14.99 and a beta of 1.25.

SmartCentres Real Estate Investment Trst Company Profile

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.