SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$29.70 and traded as high as C$30.45. SmartCentres Real Estate Investment Trst shares last traded at C$30.32, with a volume of 169,145 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. National Bank Financial boosted their target price on 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. Scotia lifted their price objective on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price objective 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 equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$28.75.

SmartCentres Real Estate Investment Trst Trading Down 0.3%

The company has a market cap of C$5.07 billion, a price-to-earnings ratio of 13.89 and a beta of 0.87. 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 has a fifty day moving average price of C$29.74 and a 200 day moving average price of C$28.22.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) last issued its earnings results on Wednesday, May 6th. The company reported C$0.73 earnings per share for the quarter. The business had revenue of C$231.84 million for the quarter. SmartCentres Real Estate Investment Trst had a net margin of 29.07% and a return on equity of 5.35%. As a group, equities analysts predict that SmartCentres Real Estate Investment Trst will post 1.9333838 EPS 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.