SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Passes Above 50-Day Moving Average of $28.13

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Rating) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$28.13 and traded as high as C$29.27. SmartCentres Real Estate Investment Trst shares last traded at C$29.08, with a volume of 133,325 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. CIBC lowered their price objective on SmartCentres Real Estate Investment Trst from C$34.50 to C$32.75 in a report on Monday, June 27th. Scotiabank lowered their target price on SmartCentres Real Estate Investment Trst from C$33.00 to C$32.50 in a report on Monday, May 16th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$33.22.

SmartCentres Real Estate Investment Trst Trading Down 0.3 %

The company has a debt-to-equity ratio of 80.92, a current ratio of 0.34 and a quick ratio of 0.20. The business’s 50 day moving average is C$28.12 and its 200 day moving average is C$30.21. The stock has a market cap of C$4.94 billion and a price-to-earnings ratio of 4.58.

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.

Further Reading

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