SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• SmartCentres Real Estate Investment Trust (TSE:SRU.UN) has fallen below its 50-day moving average of C$25.66, trading at C$25.40 with a volume of 770,852 shares.
• Research analysts have raised price targets for the stock, with Scotiabank increasing it to C$26.75 and National Bank increasing it to C$25.00, indicating positive growth expectations.
• The company manages a market cap of C$3.68 billion and operates with a high debt-to-equity ratio of 80.88, reflecting its financial leverage.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$25.66 and traded as low as C$25.39. SmartCentres Real Estate Investment Trst shares last traded at C$25.40, with a volume of 770,852 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SRU.UN shares. Scotiabank upped their price objective on SmartCentres Real Estate Investment Trst from C$26.00 to C$26.75 in a research note on Monday, May 12th. National Bankshares upped their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$25.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd.

SmartCentres Real Estate Investment Trst Stock Down 1.5%

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$3.68 billion, a P/E ratio of 15.49 and a beta of 1.25. The company's 50 day simple moving average is C$25.66 and its 200-day simple moving average is C$25.30.

About SmartCentres Real Estate Investment Trst

SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.5 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants.

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