SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$26.64 and traded as high as C$26.79. SmartCentres Real Estate Investment Trst shares last traded at C$26.78, with a volume of 184,725 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SRU.UN. 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 report on Tuesday, August 12th. National Bankshares lifted their target price on SmartCentres Real Estate Investment Trst from C$25.25 to C$27.10 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst has an average rating of “Moderate Buy” and a consensus target price of C$27.93.

SmartCentres Real Estate Investment Trst Stock Up 0.7%

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 company has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 19.83 and a beta of 0.81. The company has a 50-day moving average of C$26.64 and a 200-day moving average of C$26.10.

SmartCentres Real Estate Investment Trst Company Profile

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.