SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Below 50 Day Moving Average – Here’s Why

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$26.14 and traded as low as C$25.59. SmartCentres Real Estate Investment Trst shares last traded at C$25.62, with a volume of 197,430 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their target price on shares of SmartCentres Real Estate Investment Trst from C$25.25 to C$27.10 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$27.87.

SmartCentres Real Estate Investment Trst Stock Down 0.3%

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 stock has a market capitalization of C$4.37 billion, a PE ratio of 16.71 and a beta of 0.80. The stock’s fifty day simple moving average is C$26.14 and its 200-day simple moving average is C$26.15.

About SmartCentres Real Estate Investment Trst

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.