SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• SmartCentres Real Estate Investment Trust (TSE: SRU.UN) shares have crossed above their fifty-day moving average, with a recent trading price of C$26.96.
• Recent research reports saw Royal Bank of Canada raise its price target from C$28.00 to C$29.00, while National Bankshares and Scotiabank also adjusted their target prices, reflecting positive sentiment towards the stock.
• The company has a market capitalization of C$4.60 billion and a debt-to-equity ratio of 80.88, indicating a high level of debt relative to its equity.

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$26.21 and traded as high as C$27.12. SmartCentres Real Estate Investment Trst shares last traded at C$26.96, with a volume of 320,139 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. National Bankshares increased their target price on SmartCentres Real Estate Investment Trst from C$25.00 to C$25.25 and gave the company a "sector perform" rating in a research note on Monday, August 11th. Royal Bank Of Canada increased their target price on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Finally, Scotiabank increased their target price on SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50 and gave the company a "sector perform" rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$27.63.

SmartCentres Real Estate Investment Trst Stock Down 0.3%

The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The firm has a market capitalization of C$4.55 billion, a price-to-earnings ratio of 19.74 and a beta of 0.87. The stock has a fifty day moving average of C$26.30 and a 200-day moving average of C$25.69.

About SmartCentres Real Estate Investment Trst

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.