SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Shares Pass Below Fifty Day Moving Average of $23.83

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$23.83 and traded as low as C$22.80. SmartCentres Real Estate Investment Trst shares last traded at C$23.12, with a volume of 260,782 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SRU.UN. BMO Capital Markets upped their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. National Bankshares upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Monday, January 29th. Scotiabank decreased their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada decreased their price objective on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, SmartCentres Real Estate Investment Trst has an average rating of “Hold” and an average target price of C$27.00.

SmartCentres Real Estate Investment Trst Price Performance

The company’s fifty day moving average is C$23.83 and its two-hundred day moving average is C$23.65. The firm has a market capitalization of C$3.34 billion, a price-to-earnings ratio of 9.51 and a beta of 1.24. The company has a quick ratio of 0.10, a current ratio of 0.20 and a debt-to-equity ratio of 78.76.

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.