SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Above 50 Day Moving Average of $28.13


Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Rating) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$28.13 and traded as high as C$29.27. SmartCentres Real Estate Investment Trst shares last traded at C$29.08, with a volume of 133,325 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on SRU.UN. CIBC dropped their price objective on SmartCentres Real Estate Investment Trst from C$34.50 to C$32.75 in a research report on Monday, June 27th. Scotiabank dropped their price objective on SmartCentres Real Estate Investment Trst from C$33.00 to C$32.50 in a research report on Monday, May 16th. Three equities research 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, SmartCentres Real Estate Investment Trust currently has a consensus rating of “Hold” and an average target price of C$33.22.

SmartCentres Real Estate Investment Trst Stock Performance

The business has a 50 day simple moving average of C$28.13 and a 200 day simple moving average of C$30.23. The company has a quick ratio of 0.20, a current ratio of 0.34 and a debt-to-equity ratio of 80.92. The company has a market capitalization of C$4.95 billion and a PE ratio of 4.59.

SmartCentres Real Estate Investment Trust Company Profile

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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 centers, having the strongest national and regional retailers as well as strong neighborhood merchants.

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