SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Passes Below 50-Day Moving Average – Should You Sell?

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$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.

Analyst Ratings Changes

Several brokerages recently issued reports on SRU.UN. Royal Bank of Canada increased their price objective on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research note on Thursday, November 21st. CIBC lifted their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$26.00 to C$28.00 in a report on Monday, November 18th. Finally, BMO Capital Markets raised their target price on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$27.08.

SmartCentres Real Estate Investment Trst Stock Down 1.0 %

The firm has a market capitalization of C$3.56 billion, a price-to-earnings ratio of 14.99 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. The business has a fifty day moving average price of C$24.72 and a two-hundred day moving average price of C$25.17.

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.