SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Shares Cross Below Fifty Day Moving Average of $23.47

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$23.47 and traded as low as C$22.68. SmartCentres Real Estate Investment Trst shares last traded at C$22.78, with a volume of 254,549 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SRU.UN shares. Royal Bank of Canada dropped their target price on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an "outperform" rating for the company in a report on Wednesday, February 21st. BMO Capital Markets upped their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a "market perform" rating in a report on Wednesday, February 28th. National Bankshares upped their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a "sector perform" rating in a report on Monday, January 29th. Finally, Scotiabank dropped their target price on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a "sector perform" rating for the company in a report on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$27.00.

SmartCentres Real Estate Investment Trst Price Performance

The stock's 50-day simple moving average is C$23.43 and its 200 day simple moving average is C$23.56. The company has a quick ratio of 0.10, a current ratio of 0.20 and a debt-to-equity ratio of 78.76. The company has a market cap of C$3.30 billion, a price-to-earnings ratio of 9.55 and a beta of 1.24.

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.