SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Shares Pass Above 50-Day Moving Average – Here’s What Happened

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$25.48 and traded as high as C$25.83. SmartCentres Real Estate Investment Trst shares last traded at C$25.49, with a volume of 208,822 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$25.42.

SmartCentres Real Estate Investment Trst Stock Performance

The company has a market cap of C$3.69 billion, a price-to-earnings ratio of 15.54 and a beta of 1.25. The firm has a 50-day simple moving average of C$25.48 and a 200 day simple moving average of C$23.68. 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.