SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) 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 traded.

Wall Street Analyst Weigh In

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

SmartCentres Real Estate Investment Trst Price Performance

The stock has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 15.24 and a beta of 1.25. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The stock has a fifty day moving average of C$26.03 and a 200-day moving average of C$24.07.

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.