SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Passes Above 50-Day Moving Average – Should You Sell?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$24.85 and traded as high as C$26.01. SmartCentres Real Estate Investment Trst shares last traded at C$25.87, with a volume of 400,479 shares trading hands.

Analysts Set New Price Targets

Several brokerages have issued reports on SRU.UN. Royal Bank of Canada upped their price objective on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research note on Thursday, November 21st. Scotiabank increased their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$26.00 in a research report on Wednesday, February 19th. CIBC increased their price target on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday, November 15th. BMO Capital Markets increased their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research report on Monday, November 18th. Finally, TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and increased their price target for the stock from C$26.00 to C$28.00 in a research report on Monday, November 18th.

SmartCentres Real Estate Investment Trst Stock Performance

The business has a 50 day simple moving average of C$24.90 and a 200-day simple moving average of C$25.37. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The stock has a market capitalization of C$3.74 billion, a P/E ratio of 15.77 and a beta of 1.25.

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.