SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• SmartCentres Real Estate Investment Trust (TSE:SRU.UN) shares have surpassed their 50-day moving average, peaking at C$26.89, indicating strong trading activity.
• Several analysts have raised price targets for SmartCentres, with Scotiabank increasing it from C$26.75 to C$27.50 and Royal Bank of Canada lifting theirs from C$28.00 to C$29.00, contributing to a consensus rating of "Moderate Buy."
• SmartCentres, with a market cap of C$3.89 billion, owns approximately 34 million square feet of retail space, primarily anchored by Walmart, positioning it as one of Canada's largest real estate investment trusts.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$25.89 and traded as high as C$26.89. SmartCentres Real Estate Investment Trst shares last traded at C$26.86, with a volume of 252,095 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on the company. Scotiabank boosted their price target on SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50 and gave the stock a "sector perform" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada upped 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 report on Thursday, August 14th. Finally, National Bankshares increased their price objective on SmartCentres Real Estate Investment Trst from C$25.00 to C$25.25 and gave the stock a "sector perform" rating in a report on Monday, August 11th. 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, SmartCentres Real Estate Investment Trst presently has an average rating of "Moderate Buy" and an average price target of C$27.63.

SmartCentres Real Estate Investment Trst Price Performance

The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The stock has a market capitalization of C$4.60 billion, a price-to-earnings ratio of 19.96 and a beta of 0.86. The company's 50-day simple moving average is C$25.95 and its 200 day simple moving average is C$25.58.

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.