SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Down 0% – Should You Sell?

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) dropped 0% during trading on Thursday . The stock traded as low as C$25.29 and last traded at C$25.44. Approximately 438,672 shares were traded during mid-day trading, an increase of 59% from the average daily volume of 275,871 shares. The stock had previously closed at C$25.45.

Analyst Ratings Changes

SRU.UN has been the topic of several recent analyst reports. National Bankshares boosted their price target on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research note on Wednesday, October 9th. CIBC lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. BMO Capital Markets raised their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a report on Monday, November 18th. TD Securities raised SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$26.00 to C$28.00 in a report on Monday, November 18th. Finally, Royal Bank of Canada raised their price target on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst has a consensus rating of “Hold” and an average price target of C$27.08.

SmartCentres Real Estate Investment Trst Stock Performance

The stock has a market capitalization of C$3.68 billion, a P/E ratio of 15.51 and a beta of 1.25. The stock has a 50 day simple moving average of C$25.50 and a two-hundred day simple moving average of C$24.54. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

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.