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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$25.94 and traded as low as C$24.77. SmartCentres Real Estate Investment Trst shares last traded at C$24.98, with a volume of 145,157 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SRU.UN shares. 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. TD Securities boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. National Bankshares boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$26.33.

SmartCentres Real Estate Investment Trst Trading Up 0.6 %

The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The business’s 50 day moving average is C$25.92 and its 200-day moving average is C$24.18. The firm has a market cap of C$3.63 billion, a P/E ratio of 15.25 and a beta of 1.25.

About SmartCentres Real Estate Investment Trst

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.