SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

by · The Markets Daily

SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report)’s share price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$27.58 and traded as low as C$26.03. SmartCentres Real Estate Investment Trst shares last traded at C$26.19, with a volume of 212,467 shares.

SmartCentres Real Estate Investment Trst Stock Performance

The company has a market capitalization of C$4.50 billion, a P/E ratio of 28.66 and a beta of 0.80. The stock’s fifty day moving average price is C$27.51 and its 200-day moving average price is C$28.46. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C($0.83) EPS for the quarter. The business 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%. As a group, research analysts anticipate that SmartCentres Real Estate Investment Trst will post 1.93 EPS for the current fiscal year.

SmartCentres Real Estate Investment Trst Company Profile

(Get Free Report)

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.

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