SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Crosses Below 50-Day Moving Average of $22.43

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$22.43 and traded as low as C$21.50. SmartCentres Real Estate Investment Trst shares last traded at C$21.54, with a volume of 278,055 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SRU.UN shares. CIBC cut their price target on SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a report on Friday, May 10th. Royal Bank of Canada cut their target price on SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 15th. Scotiabank lowered their price target on shares of SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. National Bankshares cut their price objective on shares of SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating on the stock in a research report on Wednesday, April 24th. Finally, BMO Capital Markets decreased their target price on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a research report on Friday, May 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$26.00.

SmartCentres Real Estate Investment Trst Stock Up 1.0 %

The company has a debt-to-equity ratio of 80.75, a quick ratio of 0.10 and a current ratio of 0.15. The stock has a market cap of C$3.18 billion, a price-to-earnings ratio of 12.28 and a beta of 1.24. The business’s 50 day moving average is C$22.42 and its 200 day moving average is C$23.40.

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.