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

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) gapped up before the market opened on Tuesday . The stock had previously closed at $19.06, but opened at $20.14. SmartCentres Real Estate Investment Trust shares last traded at $20.14, with a volume of 1,141 shares.

Analysts Set New Price Targets

A number of brokerages have weighed in on CWYUF. Zacks Research downgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. TD Securities upgraded SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

SmartCentres Real Estate Investment Trust Stock Up 5.7%

The business’s 50 day moving average is $20.39 and its 200-day moving average is $20.51. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 26.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.22 and a current ratio of 0.22.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.00). The company had revenue of $159.07 million for the quarter, compared to analyst estimates of $162.68 million. SmartCentres Real Estate Investment Trust had a return on equity of 3.13% and a net margin of 21.47%. On average, sell-side analysts predict that SmartCentres Real Estate Investment Trust will post 1.6 EPS for the current fiscal year.

About SmartCentres Real Estate Investment Trust

SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, leases and manages income-producing commercial and residential properties. Its portfolio is anchored by retail properties, including shopping centres and other sites serving everyday consumer needs, alongside growing interests in residential and mixed-use developments.

The trust’s retail properties are located primarily in Canada and are often situated in established urban and suburban markets with access to major transportation routes.