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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$25.20 and traded as high as C$25.47. SmartCentres Real Estate Investment Trst shares last traded at C$25.40, with a volume of 167,045 shares traded.

Analyst Ratings Changes

Separately, Scotiabank lifted their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$26.00 in a research note on Wednesday, February 19th.

SmartCentres Real Estate Investment Trst Trading Up 0.9 %

The firm has a market cap of C$3.68 billion, a price-to-earnings ratio of 15.49 and a beta of 1.25. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The company’s 50 day simple moving average is C$25.20 and its 200 day simple moving average is C$25.10.

SmartCentres Real Estate Investment Trst Company Profile

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.