SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Stock Rating Upgraded by Zacks Research

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Separately, TD Securities downgraded SmartCentres Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Up 0.3%

SmartCentres Real Estate Investment Trust stock opened at $19.78 on Monday. SmartCentres Real Estate Investment Trust has a twelve month low of $16.43 and a twelve month high of $20.55. The firm has a 50 day moving average price of $19.75 and a 200-day moving average price of $19.23. The company has a market capitalization of $3.53 billion, a P/E ratio of 16.08 and a beta of 0.85. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.70.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.12. SmartCentres Real Estate Investment Trust had a net margin of 38.27% and a return on equity of 5.01%. The company had revenue of $170.52 million for the quarter, compared to analysts’ expectations of $232.74 million. As a group, equities analysts predict that SmartCentres Real Estate Investment Trust will post 1.52 EPS for the current year.

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.