SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Passes Below 50 Day Moving Average - Should You Sell?

Key Points

• SmartCentres Real Estate Investment Trust's stock price has fallen below its fifty-day moving average, currently trading at C$26.26 compared to the moving average of C$26.54.
• Several analysts have upgraded their price targets for the stock, with Royal Bank Of Canada raising the target to C$29.00 and maintaining an "outperform" rating, while the overall consensus rating is "Moderate Buy."
• The company has a market capitalization of C$4.48 billion and a notably high debt-to-equity ratio of 80.88, which may concern investors regarding financial stability.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$26.54 and traded as low as C$26.07. SmartCentres Real Estate Investment Trst shares last traded at C$26.26, with a volume of 373,890 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SRU.UN shares. Royal Bank Of Canada boosted their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Scotiabank raised their price target on shares of SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50 and gave the company a "sector perform" rating in a report on Tuesday, August 12th. Finally, National Bankshares boosted their price objective on SmartCentres Real Estate Investment Trst from C$25.25 to C$27.10 and gave the stock a "sector perform" rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst currently has a consensus rating of "Moderate Buy" and a consensus price target of C$27.93.

SmartCentres Real Estate Investment Trst Stock Down 0.1%

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 cap of C$4.48 billion, a P/E ratio of 19.45 and a beta of 0.81. The company's 50 day simple moving average is C$26.54 and its 200-day simple moving average is C$25.81.

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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