SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$24.72 and traded as low as C$24.55. SmartCentres Real Estate Investment Trst shares last traded at C$24.59, with a volume of 224,827 shares traded.
Wall Street Analysts Forecast Growth
SRU.UN has been the subject of a number of recent analyst reports. CIBC upped their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. BMO Capital Markets boosted their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research report on Monday, November 18th. Royal Bank of Canada lifted their price target on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research note on Thursday, November 21st. Finally, TD Securities raised SmartCentres Real Estate Investment Trst from a "hold" rating to a "buy" rating and raised their price objective for the company from C$26.00 to C$28.00 in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$27.08.
View Our Latest Report on SRU.UN
SmartCentres Real Estate Investment Trst Trading Down 0.4 %
The company has a market cap of C$3.65 billion, a price-to-earnings ratio of 15.37 and a beta of 1.25. The firm has a 50 day moving average price of C$24.70 and a two-hundred day moving average price of C$25.19. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.
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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