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

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$24.96 and traded as high as C$25.42. SmartCentres Real Estate Investment Trst shares last traded at C$25.17, with a volume of 329,113 shares.

Wall Street Analysts Forecast Growth

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

SmartCentres Real Estate Investment Trst Price Performance

The firm’s fifty day moving average price is C$24.96 and its 200 day moving average price is C$25.39. 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 stock has a market cap of C$3.64 billion, a PE ratio of 15.35 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.