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SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Passes Below 50-Day Moving Average - Here's What Happened

SmartCentres Real Estate Investment Trst logo with Real Estate background

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$25.94 and traded as low as C$24.77. SmartCentres Real Estate Investment Trst shares last traded at C$24.98, with a volume of 145,157 shares.

Analyst Upgrades and Downgrades

SRU.UN has been the topic of several recent analyst reports. TD Securities increased their target price on shares of 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. National Bankshares increased their price objective on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their target price on SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, SmartCentres Real Estate Investment Trst presently has an average rating of "Hold" and a consensus price target of C$26.17.

View Our Latest Stock Report on SmartCentres Real Estate Investment Trst

SmartCentres Real Estate Investment Trst Price Performance

The firm has a fifty day moving average of C$25.94 and a two-hundred day moving average of C$24.17. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The company has a market capitalization of C$3.63 billion, a PE ratio of 15.23 and a beta of 1.25.

SmartCentres Real Estate Investment Trst Company Profile

(Get Free Report)

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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