SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Sets New 12-Month High - Still a Buy?

Key Points

• 52-week high: Shares hit a new 52-week high of C$28.18 (last C$28.17) on Tuesday with about 160,580 shares traded, up from a prior close of C$27.86.
• Key financials show a market cap of C$4.79 billion and a P/E of 19.03, but the trust carries high leverage (debt-to-equity 80.88) and very low liquidity ratios (quick 0.10, current 0.17), while trading above its 50- and 200-day moving averages (C$27.23 and C$26.64).
• Company profile: SmartCentres is a Canadian integrated commercial and residential REIT with roughly 174 properties and is redeveloping retail sites into connected, mixed-use communities under its SmartLiving brand.

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN - ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$28.18 and last traded at C$28.17, with a volume of 160580 shares trading hands. The stock had previously closed at C$27.86.

SmartCentres Real Estate Investment Trst Price Performance

The firm has a market capitalization of C$4.79 billion, a P/E ratio of 19.03 and a beta of 0.75. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The firm has a 50-day moving average of C$27.23 and a 200-day moving average of C$26.64.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it's wholly-owned residential sub-brand, SmartLiving.

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