SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$24.15 and traded as low as C$22.55. SmartCentres Real Estate Investment Trst shares last traded at C$22.72, with a volume of 369,022 shares traded.
Analyst Ratings Changes
Several brokerages have recently weighed in on SRU.UN. Royal Bank of Canada decreased their price objective on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Scotiabank cut their target price on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets raised their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, National Bankshares raised their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$27.00.
Check Out Our Latest Stock Report on SmartCentres Real Estate Investment Trst
SmartCentres Real Estate Investment Trst Trading Up 0.8 %
The company has a 50-day simple moving average of C$24.15 and a 200-day simple moving average of C$23.70. The company has a debt-to-equity ratio of 78.76, a quick ratio of 0.10 and a current ratio of 0.20. The stock has a market cap of C$3.29 billion, a P/E ratio of 9.35 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.
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