SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$22.65 and traded as high as C$22.75. SmartCentres Real Estate Investment Trst shares last traded at C$22.43, with a volume of 180,197 shares.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on SRU.UN shares. National Bankshares reduced their price objective on shares of SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th. CIBC reduced their price target on SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a research report on Friday, May 10th. BMO Capital Markets reduced their price target on SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a research report on Friday, May 17th. Scotiabank reduced their price target on SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. Finally, Royal Bank of Canada reduced their price target on SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst presently has a consensus rating of “Hold” and a consensus price target of C$26.00.
View Our Latest Analysis on SRU.UN
SmartCentres Real Estate Investment Trst Stock Down 1.8 %
The stock has a market capitalization of C$3.24 billion, a PE ratio of 12.53 and a beta of 1.24. The company has a debt-to-equity ratio of 80.75, a current ratio of 0.15 and a quick ratio of 0.10. The business’s fifty day moving average price is C$22.65 and its two-hundred day moving average price is C$23.55.
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.
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