SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Shares Cross Below 50 Day Moving Average – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s stock price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$27.24 and traded as low as C$26.51. SmartCentres Real Estate Investment Trst shares last traded at C$26.71, with a volume of 426,772 shares trading hands.

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 stock’s fifty day moving average is C$27.20 and its two-hundred day moving average is C$28.44. The firm has a market cap of C$4.56 billion, a price-to-earnings ratio of 29.04 and a beta of 0.80.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last released its quarterly earnings results on Thursday, August 6th. The company reported C($0.83) earnings per share for the quarter. The business had revenue of C$225.96 million for the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. On average, analysts expect that SmartCentres Real Estate Investment Trst will post 1.93 earnings per share for the current fiscal 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.