SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Shares Gap Down – What’s Next?

Shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUFGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $21.1035, but opened at $19.67. SmartCentres Real Estate Investment Trust shares last traded at $20.79, with a volume of 304 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. Colliers Securities raised SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note on Thursday, April 16th. Finally, Zacks Research downgraded shares of SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Check Out Our Latest Research Report on CWYUF

SmartCentres Real Estate Investment Trust Stock Down 1.7%

The firm has a market capitalization of $3.69 billion, a P/E ratio of 11.63 and a beta of 0.84. The firm’s 50 day moving average is $21.24 and its two-hundred day moving average is $20.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28.

SmartCentres Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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