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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$26.04 and traded as low as C$24.74. SmartCentres Real Estate Investment Trst shares last traded at C$25.00, with a volume of 266,717 shares changing hands.

Analysts Set New Price Targets

Several research analysts have weighed in on SRU.UN shares. BMO Capital Markets lifted their target price on SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research note on Monday, October 28th. National Bankshares lifted their price objective on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. Finally, TD Securities upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$26.17.

SmartCentres Real Estate Investment Trst Trading Up 0.5 %

The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The business has a 50 day moving average price of C$26.03 and a 200-day moving average price of C$24.07. The firm has a market capitalization of C$3.62 billion, a PE ratio of 15.24 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.