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SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Crosses Above Fifty Day Moving Average - Here's Why

SmartCentres Real Estate Investment Trst logo with Real Estate background

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$25.20 and traded as high as C$25.47. SmartCentres Real Estate Investment Trst shares last traded at C$25.40, with a volume of 167,045 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their target price on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$26.00 in a research report on Wednesday, February 19th.

View Our Latest Research Report on SRU.UN

SmartCentres Real Estate Investment Trst Stock Performance

The firm's 50 day moving average price is C$25.19 and its 200-day moving average price is C$25.09. The firm has a market cap of C$3.66 billion, a price-to-earnings ratio of 15.45 and a beta of 1.25. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10.

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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