SmartCentres Real Estate Investment Trust (CWYUF) Expected to Announce Earnings on Wednesday

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) is expected to be posting its results after the market closes on Wednesday, May 6th. Analysts expect SmartCentres Real Estate Investment Trust to post earnings of $0.39 per share and revenue of $175.0010 million for the quarter.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The company had revenue of $170.52 million for the quarter, compared to analyst estimates of $232.74 million. SmartCentres Real Estate Investment Trust had a net margin of 38.27% and a return on equity of 5.01%. On average, analysts expect SmartCentres Real Estate Investment Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SmartCentres Real Estate Investment Trust Stock Performance

SmartCentres Real Estate Investment Trust stock opened at $20.79 on Tuesday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.70. SmartCentres Real Estate Investment Trust has a 1-year low of $17.28 and a 1-year high of $21.20. The firm has a market capitalization of $3.71 billion, a PE ratio of 16.90 and a beta of 0.85. The firm’s 50 day simple moving average is $20.04 and its 200 day simple moving average is $19.42.

Analyst Ratings Changes

CWYUF has been the subject of a number of research reports. TD Securities cut shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Zacks Research lowered shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Colliers Securities upgraded shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, SmartCentres Real Estate Investment Trust has an average rating of “Hold”.

SmartCentres Real Estate Investment Trust Company Profile

SmartCentres Real Estate Investment Trust is a Canada-based real estate investment trust specializing in the ownership, development and management of retail-focused commercial properties. The trust’s portfolio is anchored predominantly by Walmart Canada, complemented by a mix of other national and regional tenants. SmartCentres targets high-traffic, community-centric locations, offering grocery, discount department, service and specialty retailers within its shopping centres.

Originally established in 1994, the trust has grown through a combination of development, strategic acquisitions and redevelopments.