SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Passes Below 50 Day Moving Average of $26.14

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Rating) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$26.14 and traded as low as C$25.52. SmartCentres Real Estate Investment Trst shares last traded at C$25.67, with a volume of 119,125 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on SRU.UN. CIBC lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Royal Bank of Canada reduced their price target on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 16th. Finally, Scotiabank reduced their price target on shares of SmartCentres Real Estate Investment Trst from C$31.00 to C$30.50 in a research note on Tuesday, May 16th.

SmartCentres Real Estate Investment Trst Stock Performance

The firm’s fifty day moving average price is C$26.14 and its 200-day moving average price is C$27.02. The company has a current ratio of 0.26, a quick ratio of 0.10 and a debt-to-equity ratio of 81.03. The firm has a market cap of C$3.71 billion, a price-to-earnings ratio of 14.26 and a beta of 1.18.

SmartCentres Real Estate Investment Trst Company Profile

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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.