SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Free Report) from a strong sell rating to a hold rating in a report published on Thursday,Zacks reports.

Separately, TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trust currently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on CWYUF

SmartCentres Real Estate Investment Trust Trading Up 0.6%

Shares of CWYUF opened at $18.42 on Thursday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 24.24 and a beta of 0.84. SmartCentres Real Estate Investment Trust has a twelve month low of $17.16 and a twelve month high of $22.55. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $19.67 and a two-hundred day simple moving average of $20.41.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.00). The firm had revenue of $159.07 million during the quarter, compared to analysts’ expectations of $162.68 million. SmartCentres Real Estate Investment Trust had a net margin of 21.47% and a return on equity of 3.13%. On average, research analysts anticipate that SmartCentres Real Estate Investment Trust will post 1.60 EPS for the current year.

SmartCentres Real Estate Investment Trust Company Profile

(Get Free Report)

SmartCentres Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, leases and manages commercial and residential properties. Its portfolio is primarily focused on retail properties, including shopping centres anchored by major grocery, discount and general-merchandise retailers, as well as mixed-use developments that combine retail, residential and other real estate uses.

The trust’s activities include property operations, tenant leasing, redevelopment and development services.

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