SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Passes Below 200-Day Moving Average – What’s Next?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SRU.UN. Scotia increased their target price on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a report 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 research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SmartCentres Real Estate Investment Trst has an average rating of “Hold” and a consensus price target of C$28.75.

SmartCentres Real Estate Investment Trst Stock Performance

The stock has a market capitalization of C$4.91 billion, a P/E ratio of 13.44 and a beta of 0.86. The stock has a 50 day simple moving average of C$29.89 and a two-hundred day simple moving average of C$28.42. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last announced its quarterly earnings data on Thursday, August 6th. The company reported C($0.83) earnings per share (EPS) for the quarter. The company 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, equities analysts forecast that SmartCentres Real Estate Investment Trst will post 1.9333838 EPS for the current fiscal year.

About SmartCentres Real Estate Investment Trst

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.