SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$24.96 and traded as high as C$25.42. SmartCentres Real Estate Investment Trst shares last traded at C$25.17, with a volume of 329,113 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research note on Monday, November 18th. TD Securities raised SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$26.00 to C$28.00 in a research note on Monday, November 18th. Royal Bank of Canada increased their target price on shares of SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research note on Thursday, November 21st. Finally, Scotiabank raised their price target on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$26.00 in a research report on Wednesday, February 19th.

SmartCentres Real Estate Investment Trst Price Performance

The firm has a market cap of C$3.64 billion, a price-to-earnings ratio of 15.35 and a beta of 1.25. The company’s fifty day moving average is C$24.97 and its 200 day moving average is C$25.39. 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.