SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• SmartCentres’ share price fell below its 200-day moving average, reaching C$28.07 before last trading at C$28.77, compared with the moving average of C$28.42.
• Analyst sentiment remains cautious: one analyst rates the stock Buy and three rate it Hold, resulting in an average “Hold” rating and a consensus price target of C$28.75.
• The REIT reported quarterly revenue of C$225.96 million and a loss of C$0.83 per share, while maintaining a portfolio of approximately C$12.3 billion in assets and 97.6% occupancy.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$28.42 and traded as low as C$28.07. SmartCentres Real Estate Investment Trst shares last traded at C$28.77, with a volume of 525,893 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank Of Canada lifted their target price on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an "outperform" rating in a report on Thursday, May 14th. National Bank Financial increased their price target on shares of SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Finally, Scotia raised their price target on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a "sector perform" rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, SmartCentres Real Estate Investment Trst presently has an average rating of "Hold" and an average target price of C$28.75.

SmartCentres Real Estate Investment Trst Price Performance

The stock's fifty day moving average is C$29.89 and its 200-day moving average is C$28.42. The stock has a market capitalization of C$4.91 billion, a PE ratio of 13.44 and a beta of 0.86. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C($0.83) earnings per share for the quarter. The firm had revenue of C$225.96 million during the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. As a group, equities analysts predict that SmartCentres Real Estate Investment Trst will post 1.9333838 earnings per share for the current fiscal year.

About SmartCentres Real Estate Investment Trst

SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.

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