SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Crosses Above 50-Day Moving Average of $25.14

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$25.14 and traded as high as C$27.05. SmartCentres Real Estate Investment Trst shares last traded at C$26.90, with a volume of 330,908 shares.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price target on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$25.86.

SmartCentres Real Estate Investment Trst Stock Up 0.1 %

The company has a 50-day moving average of C$25.14 and a two-hundred day moving average of C$23.49. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The company has a market capitalization of C$3.89 billion, a PE ratio of 16.40 and a beta of 1.25.

About SmartCentres Real Estate Investment Trst

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.