SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Sets New 12-Month High – Should You Buy?

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $22.55 and last traded at $22.55, with a volume of 150 shares traded. The stock had previously closed at $21.7060.

Wall Street Analyst Weigh In

A number of analysts have commented on CWYUF shares. TD Securities upgraded shares of SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Colliers Securities raised shares of SmartCentres Real Estate Investment Trust to a “moderate buy” rating in a research note on Thursday, April 16th. Finally, Zacks Research cut 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, SmartCentres Real Estate Investment Trust currently has an average rating of “Buy”.

SmartCentres Real Estate Investment Trust Stock Performance

The company has a 50-day moving average of $21.14 and a 200-day moving average of $20.36. The company has a market cap of $3.85 billion, a PE ratio of 12.13 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65.

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.