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

Key Points

• SmartCentres Real Estate Investment Trust shares fell below their 50-day moving average of C$26.40, trading at C$26.39 during recent trading sessions.
• Analysts have set new target prices for the stock, with Royal Bank of Canada increasing it to C$29.00 and a consensus target price of C$27.63 across various ratings.
• The company is significantly leveraged, with a debt-to-equity ratio of 80.88, while maintaining a market cap of C$4.52 billion and a PE ratio of 19.64.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$26.40 and traded as low as C$26.39. SmartCentres Real Estate Investment Trst shares last traded at C$26.52, with a volume of 309,282 shares changing hands.

Analysts Set New Price Targets

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

SmartCentres Real Estate Investment Trst Price Performance

The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The stock's fifty day moving average is C$26.40 and its 200-day moving average is C$25.73. The stock has a market cap of C$4.52 billion, a PE ratio of 19.64 and a beta of 0.87.

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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