SmartCentres Real Estate Investment Trst (TSE:SRU.UN) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.79 and traded as low as $20.12. SmartCentres Real Estate Investment Trst shares last traded at $20.35, with a volume of 339,629 shares.

Several research firms recently issued reports on SRU.UN. National Bank Financial cut their target price on SmartCentres Real Estate Investment Trst from C$26.00 to C$23.00 and set a “sector perform” rating on the stock in a research note on Monday, May 11th. Royal Bank of Canada cut their target price on SmartCentres Real Estate Investment Trst from C$36.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. BMO Capital Markets cut SmartCentres Real Estate Investment Trst from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$29.00 to C$23.00 in a research note on Monday, May 4th. Raymond James raised their target price on SmartCentres Real Estate Investment Trst from C$21.00 to C$23.00 and gave the stock a “market perform” rating in a research note on Monday, May 11th. Finally, CIBC cut their target price on SmartCentres Real Estate Investment Trst from C$30.50 to C$27.00 in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$25.00.

The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 88.52. The company’s fifty day simple moving average is C$20.79 and its 200 day simple moving average is C$23.74. The firm has a market capitalization of $2.96 billion and a PE ratio of 9.86.

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

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.

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