SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$28.42 and traded as low as C$28.07. SmartCentres Real Estate Investment Trst shares last traded at C$28.77, with a volume of 525,893 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SRU.UN shares. Scotia upped their target price on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. National Bank Financial lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price target 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 analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$28.75.

SmartCentres Real Estate Investment Trst Stock Performance

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 firm’s 50 day simple moving average is C$29.89 and its 200-day simple moving average is C$28.42. The company has a market cap of C$4.91 billion, a price-to-earnings ratio of 13.44 and a beta of 0.86.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last released its earnings results on Thursday, August 6th. The company reported C($0.83) earnings per share (EPS) for the quarter. The business had revenue of C$225.96 million for the quarter. SmartCentres Real Estate Investment Trst had a return on equity of 5.35% and a net margin of 29.07%. On average, sell-side analysts predict that SmartCentres Real Estate Investment Trst will post 1.9333838 EPS for the current year.

SmartCentres Real Estate Investment Trst Company Profile

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.