SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$29.70 and traded as high as C$30.45. SmartCentres Real Estate Investment Trst shares last traded at C$30.32, with a volume of 169,145 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SRU.UN shares. Scotia lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. National Bank Financial increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised their target price on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$28.75.

SmartCentres Real Estate Investment Trst Price Performance

The company has a market capitalization of C$5.17 billion, a P/E ratio of 14.16 and a beta of 0.87. 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 business has a 50 day simple moving average of C$29.70 and a 200-day simple moving average of C$28.19.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.73 earnings per share for the quarter. The business had revenue of C$231.84 million for the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. Analysts predict that SmartCentres Real Estate Investment Trst will post 1.9333838 EPS for the current fiscal year.

About SmartCentres Real Estate Investment Trst

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 200 strategically located properties in communities across the country. SmartCentres has approximately $12.3 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.5 million square feet of leasable space with 97.6% in place and committed occupancy, on 3,500 acres of owned land across Canada.