SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Below 50 Day Moving Average of $23.47

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$23.47 and traded as low as C$22.68. SmartCentres Real Estate Investment Trst shares last traded at C$22.78, with a volume of 254,549 shares.

Analysts Set New Price Targets

SRU.UN has been the topic of several research reports. National Bankshares raised their price objective on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Royal Bank of Canada dropped their target price on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. BMO Capital Markets lifted their price target on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Finally, Scotiabank decreased their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$27.00.

SmartCentres Real Estate Investment Trst Stock Performance

The stock has a fifty day moving average price of C$23.47 and a two-hundred day moving average price of C$23.57. The company has a market cap of C$3.29 billion, a P/E ratio of 9.53 and a beta of 1.24. The company has a debt-to-equity ratio of 78.76, a current ratio of 0.20 and a quick ratio of 0.10.

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.