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

SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Rating)’s stock price passed 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 traded.

Wall Street Analyst Weigh In

SRU.UN has been the subject of a number of recent analyst reports. CIBC decreased their target price on SmartCentres Real Estate Investment Trst from C$34.50 to C$32.75 in a research report on Monday, June 27th. Scotiabank decreased their target price on SmartCentres Real Estate Investment Trst from C$33.00 to C$32.50 in a research report on Monday, May 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SmartCentres Real Estate Investment Trst currently has a consensus rating of “Hold” and a consensus price target of C$33.22.

SmartCentres Real Estate Investment Trst Trading Up 0.2 %

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

About SmartCentres Real Estate Investment Trst

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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 centres, having the strongest national and regional retailers as well as strong neighbourhood merchants.

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